The Expert Consultation on Identifying, Assessing and Reporting on Subsidies in the Fishing Industry met at FAO Headquarters for four days starting 3 December 2002. The consultation reviewed an FAO guide for identifying, assessing and reporting on subsidies and concluded that with minor modifications the guide is ready for use. It recommended that FAO support Members in undertaking studies based on the guide. The experts considered it important that available methodologies be used to assess impacts flowing from actions taken by recipient of subsidies on environment, trade, economic growth and social conditions. The consultation concluded that FAO should promote the development and use of appropriate models for the evaluation of impacts of subsidies through actual case studies.