Finance

Presidency of WTO agriculture museums in Turkey

Members of the World Trade Organization (WTO) agreed that Turkey and Iceland should chair the negotiations on agriculture and fisheries.

World Trade Organization members ended nearly six months of deadlock by agreeing that Turkey and Iceland would chair the ongoing negotiations to define new global trade rules for agriculture and fisheries.

Deciding that Turkey’s representative will chair the agriculture negotiations, the members stated that they agreed to appoint the Icelandic representative to head the negotiations to cut billions of dollars in fishing subsidies. Cutting subsidies can pose risks to fish stocks.