9.1 C
London
Tuesday, February 4, 2025
HomeNewsBlocking subsidy to India’s fishermen to affect millions of fishers, their families

Blocking subsidy to India’s fishermen to affect millions of fishers, their families

Related stories

J&K police release list of seized assets used for terrorism

Jammu, Feb 16 : The police in Jammu and...

Israel says 4 mln citizens vaccinated against Covid-19

Jerusalem, Feb 17 : Israeli officials announced that some...

Hungary to receive first shipment of Chinese vaccines

Beijing, Feb 17 : A Hungarian cargo plane loaded...

Geneva: The government subsidy provided to Indian fishermen helps the community do fishing activities to support their livelihood and prohibiting such measures by a WTO agreement will ultimately affect millions of fishers and their families leading to poverty, sources said.
Developed members of the World Trade Organization (WTO) are pushing to eliminate subsidies under the proposed fisheries subsidies agreement, which is under negotiation here.
India is not a major fishery subsidy provider unlike countries like China, the European Union (EU) and the US which provide an annual fishery subsidy of USD 7.3 billion, USD 3.8 billion and USD 3.4 billion, respectively. India provided just USD 277 million in 2018 to small fishers.
Also Read KTR inaugurates Thermo Fisher Research center in Hyderabad Stoppage of subsidy assistance to fishers in India will ultimately affect millions of fishers and their families and will lead to poverty, one of the sources said.
There are around 2 lakh fishing crafts of which only 59,000 (37 per cent) are mechanised. The estimated fisheries potential is about 4.4 million tonne and the marine capture production in 2019 was 3.8 million tonne.
Sources added that traditional fisheries involve fishing households using relatively small amount of capital and relatively small fishing vessels, usually about 20 metres in overall length, making short trips, close to the shores.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories