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The Latest Breaking News from WTO

Russia's invasion of Ukraine has heightened everyone's appreciation of global issues and interconnectivity. In addition to geopolitical and defence concerns, there is a renewed focus on the state of international trade. After continuing Donald Trump's destructive trade policies for more than a year, US President Joe Biden's administration finally appears…

Bangkok Post

NGOs urge Biden to push for changes to WTO's COVID waiver text

Oxfam America, Partners in Health and other civil society groups urged U.S. President Joe Biden to press for changes in a draft agreement on waiving intellectual property rights for COVID-19 vaccines, underscoring divisions over the current text.

Reuters

Worldview with Suhasini Haidar | How does the wheat export ban affect foreign policy?

In this episode, we examine the effect India’s flip-flop on wheat exports will have on its foreign policy.

The Hindu

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Global economy loses $1.6 trillion as world struggles to avoid a new cold war

LONDON: The ties that bind the global economy together, and delivered goods in abundance across the world, are unravelling at a frightening pace.

The Times of India

UK must accept border on Irish Sea is inevitable, says ex-WTO chief

Pascal Lamy says row is solvable if PM stops using emotional Brexit politics to solve ‘technical problem’

The Guardian - UK

Climate geoengineering must be regulated, says former WTO head

Pascal Lamy to lead commission exploring how methods to tackle global heating could be governed

The Guardian - UK

India wants WTO to play its role in containing global inflation

NEW DELHI: India wants the World Trade Organisation (WTO) to play its role in containing global inflation, which is impacting most of the economies of the member countries.

The Times of India

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Affordable Covid drugs kept out of reach by sluggish WTO

Analysis: EU and US pharma giants’ intellectual property rights stop poorer countries accessing vital medication – despite WTO claims of progress

The Guardian - UK

WTO meeting on COVID vaccine rights waiver went 'very well' -chair

The first World Trade Organization meeting to discuss a draft agreement to temporarily waive intellectual property rights for COVID-19 vaccines went "very well", its chair said on Friday, although some members voiced reservations.

Reuters

Ministry to host Apec trade talks

The Commerce Ministry is set to host Asia-Pacific Economic Cooperation (Apec) trade ministers in Bangkok, with renewed talks on the long-delayed Free Trade Area of the Asia-Pacific (FTAAP) and open economies topping the agenda.

Bangkok Post

Action urged on export ban

Thailand is joining 53 member countries to propose the World Trade Organization (WTO) address export bans on food and agricultural products after members who are net food importers raised concerns about food shortages based on the pandemic and the Russia-Ukraine war.

Bangkok Post

Main negotiators reach 'outcome' on COVID vaccine IP waiver

The four main parties to negotiations on an intellectual property waiver for COVID-19 vaccines have prepared an "outcome document" for approval by the broader membership, the WTO said on Tuesday, with its chief hoping for a final deal by June.

Reuters

Hopes rise for Covid vaccine patent waiver after key countries agree on proposal

The proposal, if passed by the full council, could allow other countries to make vaccines without paying pharmaceutical companies

The Guardian - US

Covid vaccine inequity due to ‘racism rooted in slavery and colonialism’

Global failure to redress race-based injustice has led to higher death rates and worsened discrimination, UN says

The Guardian - UK

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Reuters

WTO chief, U.S. trade representative discuss pandemic response

United States Trade Representative Katherine Tai met World Trade Organization Director General Ngozi Okonjo-Iweala on Thursday and discussed about the ongoing talks among WTO Members to reach an outcome on a pandemic response, Tai's office said.

Reuters

India's foreign minister says ready to step up on global issues

India is prepared to take a much bigger role in global affairs and would help the world with more supplies of wheat to tame food inflation if WTO rules allow, Foreign Minister Subrahmanyam Jaishankar said on Tuesday.

The Hindu

WTO looking to resolve challenges for Indian food exports: Nirmala Sitharaman

India has reached out to over 20 countries regarding exporting wheat, and is targeting a record 15 million tonnes of wheat for export this year.

Reuters

Russia to update its strategy in World Trade Organization amid sanctions, says Putin

Russian President Vladimir Putin said on Wednesday that "illegal" restrictions on Russian companies by Western states ran counter to World Trade Organization rules and told his government to update Russia's strategy in the WTO by June 1.

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Asharq Al-Awsat

Saudi Call for Financing First International Fund to Support Global Tourism Sector

Saudi Arabia called on donor countries to participate in financing the first international fund dedicated to supporting the tourism sector.

The Guardian - UK

Poorer countries need urgent food help to stop disorder, say global bodies

WTO and World Bank among those saying richer countries must step in to alleviate effects of rising prices and shortages

The Times of India

WTO lowers global trade volume growth forecast to 3% for 2022

NEW DELHI: The world merchandise trade volume is expected to grow by 3 per cent in 2022 against the earlier forecast of 4.7 per cent, mainly due to the ongoing war between Russia and Ukraine, the WTO said on Tuesday.

The Independent UK

Ukraine war fears saw surge in British shoppers ‘panic buying’ essentials from toilet roll to dried pasta

It comes as the forecast for global trade growth this year was revised down to 3 per cent from 4.7 per cent today

The Independent UK

WTO: War in Ukraine to curb trade, economic growth this year

The World Trade Organization is predicting that trade in goods will grow much less than previously expected this year, saying prospects for the global economy have darkened since the onset of Russia’s war in Ukraine

The Hindu

India’s role in a disordered world

New Delhi can play an important role in shaping a new, more democratic, world order

The Hindu

Experts write to PM against WTO proposal on COVID-19 vaccine waivers

“The current version of the text added new burdensome conditions that would impose additional limits on countries using non-voluntary licensing”

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