New WTO fisheries text, members regress on transition periods, tweak language

A newly released draft text for the second phase of World Trade Organization negotiations on fisheries subsidies no longer contains concrete time frames for two transition periods, leaving four main elements that would have to be resolved before a deal could be adopted at the General Council meeting later this month. In a revised draft text , made public on Monday, the language is largely carried over from the previous iteration in July , with some small tweaks. The chair...