After two nights of intense negotiations, World Trade Organisation members on Friday clinched a deal on curbing harmful fishing subsidies and agreed for a temporary patent waiver for Covid-19 vaccines.
It was also agreed to find a final solution to the issue of continuation of moratorium on imposing customs duties on electronic transmission of goods by the next ministerial conference of the WTO or not later than March 2024.
"All in all, it is a good package," commerce and industry minister Piyush Goyal told reporters here.
After a gap of about nine years, a pact -- fisheries subsidies agreement -- was agreed upon by the members of the WTO (World Trade Organisation).
The four-day talks, which started on June 12, got over only on early Friday.
It was in 2013 at the Bali ministerial conference of the WTO, the member countries inked the trade facilitation agreement to promote seamless movement of goods across the global borders.
The fisheries subsidies agreement, which was under discussions for over two decades, was finalised to eliminate subsidies on overfishing, and illegal, unreported and unregulated fishing.
