With reference to “WTO Agreement on Fisheries Subsidies” consider the following statements:1.It is the first WTO multilateral binding agreement that focuses on the environment.2.The agreement has imposed prohibition on providing subsidies in the case of overfishing.3.The agreement has prohibited subsidies to illegal, unreported and unregulated (IUU) fishing.Which of the statements given above are correct?

Q. With reference to “WTO Agreement on Fisheries Subsidies” consider the following statements::
1.It is the first WTO multilateral binding agreement that focuses on the environment.
2.The agreement has imposed prohibition on providing subsidies in the case of overfishing.
3.The agreement has prohibited subsidies to illegal, unreported and unregulated (IUU) fishing..
Which of the statements given above are correct?

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: D

Notes:

Explanation –

Statement 1 and 3 are correct. WTO Agreement on Fisheries Subsidies is the first WTO multilateral binding agreement that focuses on the environment. The agreement has prohibited subsidies to illegal, unreported and unregulated (IUU) fishing,

Statement 2 is incorrect. No prohibition on providing subsidies has been imposed for fishing regarding overfished stocks as long as such subsidies are implemented to rebuild the stock to a biologically sustainable level.

Source: ForumIAS

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