India became the 123rd member of the World Trade Organization (WTO) to accept the Agreement on Fisheries Subsidies by submitting its Instrument of Acceptance to the WTO.
The agreement was adopted at the 12th WTO Ministerial Conference (MC12) held in Geneva in June 2022.
It aims to prohibit subsidies supporting Illegal, Unreported and Unregulated (IUU) fishing and address subsidies contributing to overfishing and excess fishing capacity.
The agreement applies to marine wild capture fishing and excludes aquaculture and inland fisheries from its scope.
The agreement entered into force on 15 September 2025 after acceptance by two-thirds of WTO members.