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The Latest Breaking News from WTO

WTO chief urges countries to prioritise subsidies that tackle climate crisis

Ngozi Okonjo-Iweala says current incentives are distorting world trade and hampering fight against climate breakdown

The Guardian - UK

From the Paris agreement to COP28, how oil and gas giants try to influence the global climate agenda

There is “no science” behind demands to phase out fossil fuels, according to the current COP president. This level of cynicism at the top of the annual climate summit makes it less surprising that the conference has also been used as an oil trading venue.

The Conversation

China Pushes Back On Biden's New EV Tax Credit Rules

China thinks the new rules run counter to the spirit of the World Trade Organization, and are anti-competitive.

InsideEVs

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Democrats divided over Biden’s move on digital trade - Roll Call

A move to withdraw U.S. support for digital trade provisions has congressional Democrats taking opposite sides.

Roll Call

'Unintended Consequences': Friction At COP28 Over Green Trade

Inside the negotiating rooms and on the sidelines of the COP28 climate talks, simmering tensions over wealthy countries' "green trade" policies have been bubbling to the surface, with developing nations fearful they will be penalised.

International Business Times

Apec summit ends with unity on WTO reform but not Gaza or Ukraine

US gathering of Pacific Rim leaders most notable for meeting between Joe Biden and Xi Jinping, seen as a sign of easing China-US relations

The Guardian - AU

The U.S.’s signal of a huge digital shift

Developing countries must stoutly resist a new trap of a digital Cold War, whereby they get bound into digital dependencies either with the United States or China

The Hindu

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View from The Hill: China-Australia relations head back to room temperature, with Albanese's November visit

The defrost in China-Australia relations started cautiously after the change of federal government last year. It then sped up, with developments culminating in the formal announcement at the weekend of the date for the much-anticipated visit by Anthony Albanese.

The Conversation

Dutton accuses Albanese of misrepresenting Yunupingu comments – as it happened

This blog is now closed.

The Guardian - AU

Calls for wine support as China tariffs deadline looms

China is on a deadline to decide whether to drop trade tariffs on Australian wine but there are calls for financial aid for the struggling sector.

AAP

WTO slashes growth forecast for global goods trade by more than 50%

Persistently high interest rates have had chilling effect on consumer spending, says trade body

The Guardian - UK

Japan hopes to resolve China's seafood ban over Fukushima's wastewater release within WTO's scope

Japanese Agriculture Minister Ichiro Miyashita says Tokyo hopes to resolve the issue of Chinese ban on its seafood within the World Trade Organization's scope

The Independent UK

Global dispute settlement, India and appellate review

While the commitment expressed in the G-20 Declaration is heartening, whether it will have an appellate process or just be a one-stage panel process, given the U.S.’s stand, remains to be seen

The Hindu

Australian government says ‘yeah, no’ to deal with China to drop wine tariffs

Reported package offer from Beijing was attempt to ‘meet Australian side halfway’ but Australia sees issues as ‘entirely separate matters’

The Guardian - AU

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The Independent UK

Ukraine complains to WTO about Hungary, Poland and Slovakia banning its farm products

Ukraine is filing a complaint at the World Trade Organization against Hungary, Poland and Slovakia after they banned grain and other food products coming from the war-torn country

The Hindu

India, Brazil begin talks to resolve sugar-related trade dispute at WTO

India and Brazil have started talks to resolve a sugar-related trade dispute at the WTO. Brazil may share ethanol production tech with India, which could help reduce its reliance on oil imports and cut carbon emissions. India is offering something in return, and the US has already ended six trade…

The Hindu

Tough task ahead to make WTO's dispute settlement system fully functional: Experts

The dispute settlement mechanism of WTO has been derailed due to a non-functional appellate body since December 2019.

The Hindu

Farmers’ body demands immediate intervention of State, Central governments

KRRS, in association with Hasiru Sene, demand govt. intervention to address farmers' issues incl. cost of farming, price fall, debt, WTO benefits & BT mustard. They protested illegal land acquisition in Devanahalli & met CM Siddaramaiah to discuss their demands.

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The Hindu

Modi, Biden to discuss trade issues, jet engine, drone deals during meet

PM Modi and President Biden are likely to discuss outstanding trade issues, given that the U.S. has dropped most WTO cases against India and India has moved on dropping tariff increases against the U.S. on certain commodities.

The Conversation

The US broke global trade rules to try to fix climate change – to finish the job, it has to fix the trade system

The 2022 Inflation Reduction Act, President Joe Biden’s landmark climate law, is now expected to prompt a trillion dollars in government spending to fight climate change and trillions more in private investment. But the law and Biden’s broader “buy American” agenda include measures that discriminate against imports.

The Hindu

91% of India’s marine fish stock healthy, says study

India's marine fish stock is healthy and sustainable, according to a study by ICAR-CMFRI. 91.1% of stocks assessed were deemed healthy, with only 4.4% facing overfishing. The findings are expected to bolster India's seafood exports and strengthen its position at the WTO.

The Independent UK

Japanese ministers eat Fukushima fish to show it's safe after nuclear plant wastewater is discharged

Japan’s Prime Minister Fumio Kishida and three Cabinet ministers have eaten Fukushima fish sashimi at a lunch meeting in an apparent effort to show that fish is safe following the release of treated radioactive wastewater from the Fukushima Daiichi nuclear power plant

The Guardian - US

Biden is turning away from free trade – and that’s a great thing

Trade deals have brought cheaper goods. They’ve also destroyed millions of US jobs and caused US wages to stagnate

Zenger

US Triumphs As WTO Rules Against China’s Retaliatory Tariffs

China was found to have violated trade agreements by putting taxes on $2.4 billion worth of American goods.

The Guardian - AU

Pocock claims Labor adopting Coalition’s ‘gas-led recovery’ – as it happened

This blog is now closed.

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