Topic: Indian Economy and issues relating to planning, mobilization, of resources, growth, development and employment.
5. Why is India fighting the US, EU at WTO over a global fishing deal? Analyse its implications for India Ocean. (250 words)
Reference: Live Mint
Why the question:
India has opposed a move by developed countries at the World Trade Organisation (WTO) to scrap subsidies for fishermen. Thus the question.
Key Demand of the question:
Explain why India is fighting the US, EU at WTO over a global fishing deal and what its implications are.
Directive:
Analyze – When asked to analyse, you have to examine methodically the structure or nature of the topic by separating it into component parts and present them as a whole in a summary.
Structure of the answer:
Introduction:
Start with brief background of the question.
Body:
The answer body must have the following aspects covered:
First, talk about the Fisheries Subsidies Negotiations at WTO. The negotiations on fisheries subsidies disciplines have been ongoing for nearly 20 years. Not all subsidies are considered harmful and some would not be covered by any WTO agreement. The Pew Charitable Trusts estimates that an ambitious deal at the WTO could boost the amount of fish in the world by 12.5% by 2050, based on a model it shared with negotiators.
Then discuss what the problems associated with Fisheries Subsidies are.
Explain why India is opposing the scrapping of subsidies on fisheries?
Present its implications for India Ocean.
Conclusion:
Conclude with way forward.
