Pakistan has officially embraced the World Trade Organization’s fisheries subsidies agreement, marking its position as the 94th country to do so.
The Special Investment Facilitation Council (SIFC) is actively working towards advancing the country’s fisheries sector to bolster the national economy.
This landmark agreement grants Pakistan access to ‘fish fund’ resources, facilitating financial aid for the sector’s expansion. It also aims to tackle illegal fishing, promoting sustainable management of marine resources.
By aligning with global standards, the agreement is set to elevate the value of Pakistani seafood products in international markets, ultimately boosting exports. The fisheries industry in Pakistan stands to gain from modern technical support and financial assistance, further enhancing its contribution to the economy.