Key insights
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1
WTO's First Environmental Agreement: The treaty marks a historic approval by the WTO for environmental sustainability.
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2
Significant Subsidy Reduction: It aims to eliminate $22 billion in harmful fishing subsidies.
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3
Support for Poorer Nations: The Fish Fund will assist poorer countries in compliance with the treaty.
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4
Concerns Over Inequity: There are worries about unfair classifications affecting small-scale fishers.
Takeaways
The treaty represents a crucial step towards sustainable fishing practices globally.