WTO Fights to End Harmful fishing Subsidies

The World Trade Organization is seeking a global agreement to end harmful fisheries subsidies. Fish stocks and other marine species have been under enormous pressure for decades, with many species already gone or in danger of extinction.—laprensalatina.com

Answer the following questions to check your understanding of the story.

What is a fisheries subsidy, and why is it considered harmful?

A fisheries subsidy is a ______________, and it is considered harmful because it results in ______________.

a) tax per catch placed on fisheries; less than the efficient quantity of fish caught

b) payment to fisheries per catch; overfishing

c) voucher provided to fishing vessels specifying their maximum allowable catch; overfishing

d) quota placed on individual fishing vessels; fishing vessels ignoring their quota and overfishing

How can overfishing be avoided?

Overfishing can be avoided by _____________.

a) assigning property rights to the oceans

b) requiring fishers to buy an ITQ

c) setting production quotas

d) educating fishers about the harms of overfishing

WTO Fights to End Harmful fishing Subsidies

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