Chile Becomes 53rd WTO Member to Accept Fisheries Deal

Chile formally accepted the agreement on fisheries subsidies on Dec. 12, bringing to 53 the number of World Trade Organization members to have accepted the deal, the WTO announced. This number is "nearly half" of the two-thirds majority needed for ratification. Claudia Sanhueza Riveros, Chile's undersecretary of international economic relations, said the deal "is a very important agreement, especially for countries in the Pacific, where our marine ecosystems are generally being overexploited. It also seeks to address the global challenges we face in terms of the sustainability of our environment and our oceans.”