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Recent Current Affairs related to WTO

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22 July 2026 INTERNATIONAL

India has deposited its Instrument of Acceptance for the World Trade Organization (WTO) Agreement on Fisheries Subsidies (AFS), becoming a party to the agreement. India is the 123rd member to deposit its acceptance for the same.

The AFS, adopted at the 12th WTO Ministerial Conference in Geneva in 2022, is the first multilateral WTO agreement with an environmental sustainability objective.

It prohibits government support for illegal fishing and overexploitation of stocks, contributing to the protection of marine life. It is to be noted that the agreement entered into force in September 2025, following acceptance by two-thirds of WTO members.

3 June 2026 AGREEMENTS

India has signed a bilateral accession protocol with Ethiopia in Geneva, Switzerland, to facilitate the latter’s entry into the World Trade Organization (WTO).

It is to be noted that India supports the accession of Least Developed Countries (LDCs) and developing nations to the WTO to promote inclusive growth and South-South cooperation. The agreement was fast-tracked under the guidance of Union Minister Piyush Goyal.

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