At an extraordinary meeting of the
, Peru celebrated the entry into force of the Agreement on Fisheries Subsidies —a historic milestone against illegal, unreported, and unregulated (IUU) fishing—, thus marking a crucial step forward in the global fight for ocean sustainability.
Likewise, he highlighted the importance of this agreement for a country with a vast fishing tradition such as ours.
This commitment by Peru is the result of coordinated work among the Ministries of Foreign Affairs, Economy and Finance, Foreign Trade and Tourism, and Production.
The agreement prohibits government subsidies that encourage IUU fishing as well as overfishing.
Thus, this WTO agreement will help protect the world's fish stocks and the livelihoods of hundreds of millions of people who depend on fishing for food, income, and employment.
Likewise, Ambassador Chuquihuara mentioned that the WTO Fish Fund —the financing mechanism of said agreement in favor of developing countries, which Peru co-chairs— will be able to disburse resources to facilitate its implementation. This will ensure that no country is excluded from its benefits.
For Peru, this achievement demonstrates the WTO's ability to build consensus and deliver concrete results, even in a complex international context.
He also mentioned the need to move forward with new agreements that foster multilateralism and ensure sustainable fishing for future generations.