VICE PRESIDENT MUTALE NALUMANGO HAS ANNOUNCED THAT ZAMBIA IS SIGNING INTO INSTRUMENTS ON FISHERIES SUBSIDY AGREEMENT WITH WORLD TRADE ORGANIZATION (WTO).
MRS NALUMANGO SAYS THE MATTER WAS SETTLED DURING THE ENGAGEMENT WITH WTO DIRECTOR GENERAL NGOZI OKONJO-IWEALA IN SWITZERLAND TODAY.
MRS NALUMANGO SAYS, PRESIDENT HAKAINDE HICHILEMA HAS BEEN PUSHING HARD ON THIS MATTER AND SHE WAS GLAD TO TABLE IT WITH MS IWEALA WHO ACCEPTED BY CONFIRMING THAT ZAMBIA WILL BE AMONG THE 111 COUNTRIES THAT WILL BE RATIFIED UNDER THIS PROGRAM.
SHE SAYS THE ENGAGEMENT WAS AN IMPACTFUL MEETING AND ZAMBIA IS LOOKING FORWARD TO MORE OF SUCH AGREEMENTS ESPECIALLY ON THE ISSUES OF SUBSIDIES IN AGRICULTURAL SECTOR.
THE WTO AGREEMENT ON FISHERIES SUBSIDIES, ADOPTED AT THE 12TH MINISTERIAL CONFERENCE (MC12) ON JUNE 17, 2022, MARKS A MAJOR STEP FORWARD FOR OCEANS AND LAKE SUSTAINABILITY.