“Global challenges like ocean sustainability need global solutions. At the same time, China will participate in the second phase of negotiations in a positive and constructive manner and look forward to an early outcome of the negotiations.” Børge Brende, President, World Economic Forum, said that China’s ratification of the agreement was an important indication of the strength of multistakeholder and multilateral cooperation. China has completed the approval procedure of the agreement and will work with all members to push the agreement to enter into force before the 13th WTO Ministerial Conference. “It is a significant agreement to boost the confidence of all members in multilateralism. “The Agreement on Fisheries Subsidies is the second multilateral agreement reached by the WTO since its establishment in 1995, and the first WTO agreement aimed at achieving the goal of environmental sustainable development,” said Minister Wang.
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