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Cuba ratifies Agreement on Fisheries Subsidies

Geneva, Oct 24 (Prensa Latina) Cuba ratified here today the agreement on fisheries subsidies, considered an important step forward for the sustainability of the oceans, in the context of a meeting of senior functionaries of the World Trade Organization (WTO).

The instrument of ratification was deposited by the director of International Economic Organizations of the Ministry of Foreign Trade and Foreign Investment, Carlos Fidel Martin, who is part of the Cuban delegation to the forum, which is in session this Tuesday and Wednesday.

The Permanent Mission of Cuba to the UN in Geneva described it as a source of satisfaction to be one of the first WTO members, particularly from Latin America and the Caribbean, to take this step. The Agreement constitutes a valuable historic achievement, representing the first target of the Sustainable Development Goals to be met through a multilateral agreement, he stressed in a statement.

The 2030 Agenda of the United Nations aims at the conservation and sustainable use of oceans, seas, and marine resources, and its sixth goal includes tackling illegal and excessive fishing.

In this regard, Cuba stressed that by prohibiting harmful fishing subsidies, overcapacity and overfishing, the instrument contributes to the sustainability of the oceans.