Switzerland ratifies WTO fisheries agreement

As the first country

Switzerland ratifies WTO fisheries agreement

Switzerland was the first of the 164 member countries of the World Trade Organization (WTO) to ratify the agreement on fisheries subsidies. Federal Councilor Guy Parmelin handed over the relevant documents to WTO boss Ngozi Okonjo-Iweala on Friday.

Switzerland is setting an excellent example, WTO boss Ngozi Okonjo-Iweala told the media in Davos on Friday. The Federal Department of Economics, Education and Research (EAER) announced that Switzerland could contribute to the positive effects of the agreement by ratifying it quickly.

The agreement aims to put an end to harmful fisheries subsidies. The ratification was announced on Friday in Davos as part of an informal meeting of trade ministers of the WTO, to which Federal Councilor Guy Parmelin had invited.