Manila, Sept. 17 -- Domestic growth is expected to get a lift from the implementation of the World Trade Organization's (WTO) Agreement on Fisheries Subsidies, which prevents subsidies that result in overfishing and overexploitation, and ensures environmental protection.

The agreement, aimed to protect marine resources, took effect on Sept. 15, 2025.

It has a Fisheries Funding Mechanism that provides technical assistance and capacity building for developing and least developed countries, and has received from among WTO member-countries around USD18 million worth of pledges for the WTO Fish Fund.

Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort told the Philippine News Agency Wednesday that the agreement "wou...