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International trade highlights: WTO fisheries subsidies acceptances, dispute settlement reform processes, HMRC customs guidance updates, and financial sanctions enforcement—16 May 2024

Published on: 16 May 2024

Published by a LexisNexis International Trade expert
Legal News
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In this issue:

  • Subsidies and countervailing measures
  • WTO Customs
  • Daily and weekly news alerts
  • New and updated content

Subsidies and countervailing measures

Lao PDR formally accepts Fisheries Subsidies Agreement

On 13 May 2024, Lao PDR became the 74th WTO member to formally accept the Agreement on Fisheries Subsidies. Adopted at the WTO’s 12th Ministerial Conference in Geneva, the accord prohibits illegal, unreported and unregulated fishing, bars fishing of overfished stocks, and removes subsidies for fishing on the unregulated high seas. It also recognises that developing countries will need support to put the agreement into effect. The instrument of acceptance was presented to the WTO Director-General, Ngozi Okonjo-Iweala, by Lao PDR’s Ambassador, Latsamy Keomany. See: LNB News 14/05/2024 36...

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