Monetary caps gain momentum in fisheries talks, but wide gaps remain

A monetary cap on fisheries subsidies is gaining momentum at the World Trade Organization, but time is running out for members to bridge widening gaps as they push to meet a year-end deadline for an agreement to eliminate the worst forms of subsidies, according to Geneva sources. Heads of Geneva delegations met on Friday to discuss a way forward on the fisheries negotiations. The U.S. has said the talks will be a litmus test for how the WTO handles special...