February 5, 2026 — A fund set up by the World Trade Organization (WTO) to help developing countries adapt to an agreement on curbing harmful fishing subsidies has handed out nearly USD 3 million (EUR 2.54 million) in its first tranche of grants.
The grants aim to help nations meet the stipulations of a deal originally signed by WTO members in 2022 to prohibit global subsidies that support vessels engaging in illegal, unreported, and unregulated (IUU) fishing activities, fishing overfished stocks, and operating on the unregulated high seas.