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The Latest Breaking News from WTO

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

EU says US electric vehicle tax credit could break WTO rules

The European Union says a new U.S. tax credit plan aimed at encouraging Americans to buy electric vehicles could discriminate against European producers and break world trade rules

The Independent UK

S.Africa negotiates deal with EU to clear citrus blockage at ports

South Africa has negotiated a settlement with the European Union to clear hundreds of shipping containers of citrus fruit stuck in EU ports, the South African government said on Thursday.

Reuters

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India’s ‘wheat waiver’ WTO demand is risk-fraught

Such a stand will dilute its core agenda of pushing for a permanent solution to public stockholding for food security

The Hindu

South Africa lodges WTO complaint against EU over citrus fruit rules

South Africa has launched a WTO dispute complaint against the European Union concerning measures imposed by the bloc on South African citrus fruit imports, a WTO spokesperson said.

Reuters

World in crisis needs trade, aid

We are in the toughest period the world economy has faced since the creation of the multilateral system more than three-quarters of a century ago. A quadruple shock of Covid, climate change, conflict and cost-of-living has undone years of hard-fought development gains. As financial conditions tighten, even countries that had…

Bangkok Post

Letters to the Editor - A rejoinder

Rejoinder from the Ministry of Commerce and Industry, to the article “MC12 over, its ‘gains’ f

The Hindu

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MC12 over, it’s ‘gains’ for the developed world

India, which found itself on the losing side at the 12th Ministerial Conference of the WTO, needs to course correct

The Hindu

Trump said ‘lot of things that proved to be true’, says Liz Truss

Tory leadership hopeful wants G7 turned into ‘economic Nato’ to tackle influence of China

The Independent UK

Parliament proceedings | India called upon Russian, Ukrainian sides to return to path of diplomacy, dialogue: Govt.

Since the beginning of the conflict in Ukraine, India has consistently called for immediate cessation of hostilities and an end to the violence, Minister of State for External Affairs V. Muraleedharan said

The Hindu

Centre has no plan to cut fisheries subsidies, says Minister

Sector not getting any substantial subsidy, says forum

The Hindu

How trade regulations may be opening up a new era of sustainable growth in the Global South

You may or may not have noticed from the headlines of the past years: in our interconnected world the food systems are increasingly under pressure.

The Conversation

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

Patent waiver is no silver bullet, even during COVID-19

Unequal access to the COVID-19 vaccine fuelled calls for a patent waiver, but any major change needs to ensure a better outcome for developing economies.

360info

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360info

You say potato, I say property rights

A battle between PepsiCo and Indian farmers highlights the gap between international trade law and countries seeking to protect their farmers' seed rights.

360info

IP hinders access to affordable drugs for all

Changes to a global agreement allowing compulsory licensing of COVID-19 vaccines do nothing to improve access in developing economies. Cost is still a barrier.

The Guardian - AU

Australian trade minister offers ‘compromise’ with China over anti-dumping tariffs

Australia is proceeding with trade disputes in WTO but Don Farrell says other options may emerge in talks between two countries

Al Jazeera

US, China talk trade, supply chains as Biden weighs tariff cuts

United States Treasury Secretary Janet Yellen raises concerns about China’s ‘unfair, non-market’ economic policies.

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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…

The Independent UK

Steel tariffs plan one of Boris Johnson’s ‘worst decisions’, says ex-trade minister Liam Fox

PM has put economy ‘at risk’ of tit-for-tat measures, says Brexiteer MP

The Hindu

12 U.S. Congressmen urge Biden to hold India accountable in WTO for 'trade-distorting practices'

Current WTO rules allowed governments to subsidise up to 10% of the value of commodity production. However, India continues to subsidise more than half of the value of production, the U. S. lawmakers said

The Independent UK

UK to break global rules to protect steel industry

The secretary of state confirmed Britain would ‘depart’ from international law in order to support domestic metal-makers

The Independent UK

Head of civil service declines to say whether he spoke to PM about job for wife

The committee also heard that a decision on the recruitment process for the replacement for Lord Geidt has not yet been made.

The Independent UK

No decision yet on recruitment process for new No 10 ethics adviser

Simon Case was appearing before a committee alongside Darren Tierney, director general of propriety and ethics at the Cabinet Office.

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

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