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The Latest Breaking News from World Trade Organization

COP27: WTO chief seeks to revive green trade talks

The head of the World Trade Organization aims to revive negotiations on a global environmental trade deal, she told Reuters, as part of efforts to give the trade watchdog a bigger role in tackling climate change.

Reuters

Fixing insecurity in the food trade

Between rising hunger and the prospect of still more supply shortages, dark clouds are hovering over the global food system. Not only has the war in Ukraine limited access to, and raised prices for, food, and fertiliser, but extreme weather events are disrupting production, and economic downturns have diminished people's…

Bangkok Post

Can Tim Ryan save Democrats?

Democrat Tim Ryan has long emphasized manufacturing jobs, a stance his party has lately begun to embrace

Salon

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WTO warns 'darkened' trade outlook could deteriorate further

The World Trade Organization forecast a slowdown of global trade growth next year as sharply higher energy and food prices and rising interest rates curb import demand, and warned of a possible contraction if the war in Ukraine worsens.

Reuters

WTO predicts trade growth to slow next year amid crises

The World Trade Organization is predicting global trade volumes to grow a lackluster 1% next year as higher energy prices, rising interest rates and uncertainties about Chinese manufacturing output amid the lingering COVID-19 pandemic weigh on markets

The Independent UK

Costa Rica to suspend tariff benefits for Panamanian products amid trade dispute

Costa Rica will suspend tariff benefits for Panamanian products, the country's foreign trade ministry said on Thursday, marking another step in a trade dispute that started in 2020 and is the subject of a World Trade Organization (WTO) lawsuit.

Reuters

WTO chief: World economy edging into recession

The head of the World Trade Organization (WTO) added her voice to a growing chorus of observers who see the global economy headed into a recession.

Bangkok Post

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WTO can reach deals on 'difficult' topics by early 2024 - WTO chief

The head of the World Trade Organization said on Tuesday the 164-member body can negotiate more ambitious deals, such as on agriculture, climate change and internal reform by its next major meeting, after concluding a series of trade deals in June.

Reuters

China Unhappy With New US EV Subsidies, Will Do Something About It

China says the Inflation Reduction Act "discriminates against similar imported goods, and is a suspected breach of the World Trade Organization principles."

InsideEVs

New electric vehicle tax credits raise talk of trade war

A new tax credit for U.S. buyers of qualifying electric vehicles made in North America in the Inflation Reduction Act has prompted unfair trade practice allegations overseas

The Independent UK

Potential US EV Tax Credit May Break World Trade Organization Rules

This comes as no surprise. Every time there has been a proposal to revamp the credit, it has left people, groups, parties, companies, and even countries upset.

InsideEVs

Nobody Wants the Current World Order

How All the Major Powers—Even the United States—Became Revisionists

Foreign Affairs

We have a deal. Can we now talk about some not-so-harmful fisheries subsidies?

The World Trade Organization reached an agreement on fisheries subsidies on June 17, prohibiting member countries from funding illegal fishing and fishing of overexploited stocks.

The Conversation

Less talk, more action needed to reform IP for all

IP laws are supposed to work to aid pharmaceutical innovation in rich nations. Can a new system support treating illnesses rife in developing economies, too?

360info

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France 24

'We are going to have to make decisions to invest today', says Arancha González Laya

Across Europe, people are being hit by increased food, fuel and electricity bills. Even before the war in Ukraine started, the price of energy was rising. European leaders insist they will not waver in their support to Ukraine. They admit that helping Kyiv will come at a cost to European…

The Guardian - UK

Penny Wong: China and Australia take ‘first steps towards stabilising relationship’

Foreign affairs minister meets Chinese counterpart Wang Yi at G20 in Bali to push for end to ‘coercive’ sanctions

The Guardian - AU

Penny Wong to meet Chinese minister in sign of thawing relations between Australia and China

Following days of speculation, China’s foreign ministry confirmed the meeting after Wong signalled she was open to a direct conversation

Bangkok Post

Geneva accord shows WTO has renewed clout

As a beautiful dawn crept over Lake Geneva on June 17, a remarkable thing happened at the World Trade Organization's headquarters. After nearly six days of negotiations at the WTO's 12th Ministerial Conference -- culminating in a marathon 48 hours of non-stop talks -- ministers and senior officials from the…

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The Guardian - UK

Steel tariffs to be extended despite WTO rules, Boris Johnson indicates

Prime minster says proposed measures to protect British industry are in line with other European countries

The Conversation

World Trade Organization steps back from the brink of irrelevance – but it's not fixed yet

After decades of conflict that has neutered its work, the World Trade Organization looks to be back in business.

Reuters

No monologues allowed and dancing to 'I Will Survive': how the WTO's 'Geneva Package' was won

Since Ngozi Okonjo-Iweala took over as head of the World Trade Organization last year, one of her main bugbears has been the negotiating style of member countries, which she says is ineffective, inflexible and needs to change.

Radio France Internationale

WTO strikes 'unprecedented' trade deals on vaccine equity, fishing, food

Asharq Al-Awsat

WTO Strikes Landmark Deals Package after Tense Talks

The World Trade Organization concluded hard-won deals Friday on fishing subsidies, food insecurity and Covid-19 vaccines in a landmark bundle of agreements secured through hectic round-the-clock talks. WTO director-general Ngozi Okonjo-Iweala said the trade ministers' conference had struck an "unprecedented package of deliverables" which would make a difference to people's…

The Independent UK

WTO ministers reach deals on fisheries, food, COVID vaccines

World Trade Organization members have reached a string of deals and commitments aimed to limit overfishing, broaden production of COVID-19 vaccines in the developing world and reform a 27-year-old trade body that has been back on its heels in recent years

Reuters

WTO strikes global trade deals after 'roller coaster' talks

The World Trade Organization agreed on the first change to global trading rules in years on Friday as well as a deal to boost the supply of COVID-19 vaccines in a series of pledges that were heavy on compromise.

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