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The Latest Breaking News from World Trade Organization

Japan weighs lifting of strict controls on exports to South

The government will likely lift its strict export controls on semiconductor materials and other items to South Korea if Seoul withdraws a complaint lodged with the World Trade Organization against Japan, government sources said.

The Japan News/Yomiuri

What Is the World Trade Organization? Definition & History

What Is the World Trade Organization?The World Trade Organization is an international institution that serves as a platform for countries to negotiate trade agreements. Rules govern trade between nations, and the WTO functions as a go-between to settle trade disputes between member countries. As a ...

The Street

Will the new industrial policy work?

Industrial policy has returned to government agendas across the developed and developing world. While the US Inflation Reduction Act has shocked America's Asian and European trading partners, the Biden administration's signature climate-change legislation is just the latest in a series of recent policies that seemingly fly in the face of…

Bangkok Post

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German minister: Next World Bank boss should be a woman

The next World Bank president should be a woman, Germany's international development minister told Reuters in remarks that could strengthen the potential candidacy of Ngozi Okonjo-Iweala, the American-Nigerian head of the World Trade Organization.

Reuters

EU wine makers seek WTO help to block Ireland’s cancer label plan, say court action is next

An escalating row has pitched Ireland’s plans to introduce cigarette style cancer warning labels on alcohol bottles against EU winemakers who have now asked the World Trade Organization to intervene.

Irish Independent

China, U.S. spar at WTO meeting over disputes

China and the United States exchanged sharp criticism at a World Trade Organization meeting on Friday, with Beijing calling Washington a "unilateral bully" and the U.S. accusing its rival of illegal retaliatory measures.

Reuters

U.S. wants World Trade Organization dispute system fixed by 2024

The United States is entering a third phase of talks with countries to reform the World Trade Organization's (WTO) hobbled trade dispute arbitration system and aims for it to be "fully functioning" by the end of 2024, the U.S. ambassador to the WTO told Reuters on Thursday.

Reuters

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DAVOS 2023: WTO sticks with 1% projection for growth in global trade

The head of the World Trade Organization (WTO) said on Friday it was sticking with its 1% projection for global trade growth in 2023 - for now.

Reuters

China eyes rule on office machines contradicting stance in WTO talks

GENEVA / BEIJING -- China has done an about-face since an October 2022 World Trade Organization meeting in which it clearly stated that it would not revise its standards to require office equipment such as multifunction printers to be designed and developed in China, it has been learned.

The Japan News/Yomiuri

Pharma lobby blasts 'stupid' pandemic patent plans

Geneva (AFP) - Stripping patent protection from Covid-19 treatments is a "mind-bogglingly stupid" idea, the head of a leading pharmaceutical lobby said Wednesday, warning that the move would put industry innovation at risk.

AFP

Australian Minister Raises Hopes for Trade Thaw With China

Australia would be willing to reconsider its case against China at the World Trade Organization if Beijing’s sanctions against its exports were lifted, as Trade Minister Don Farrell flagged a potential thaw in the trade tensions between the two countries.

Bloomberg

WTO rejects US 'Made in China' labeling on Hong Kong goods

World Trade Organization arbitrators have concluded the United States violated its rules in requiring that products from Hong Kong be labeled as “Made in China.”

The Independent UK

US ban on 'Made in Hong Kong' label breaches trade rules: WTO

Washington (AFP) - The United States is flouting international trade rules by labeling imports from Hong Kong as those from China, the World Trade Organization ruled Wednesday, an outcome that Washington rejects.

AFP

WTO Backs Hong Kong in Trump-Era ‘Made in China’ Dispute With US

The World Trade Organization said the US violated international trade rules when it required Hong Kong’s products to be labeled as “Made in China,” according to a ruling Wednesday.

Bloomberg

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The Guardian - AU

Australia seeks direct resolution of trade dispute with China before WTO ruling

As Penny Wong heads to Beijing for the first such visit in four years, trade minister says he is confident economic issues can be resolved

Fortune

Biden's efforts to starve China of chips are rewriting the rules of global trade–and even U.S. allies are balking at the upheaval

The U.S. is asking allies to pick sides in its chip battle with China—and some are hesitant to choose.

Reuters

China calls US 'destroyer' of global trading system at WTO

China accused Washington on Wednesday of using subsidies to prop up national industries and refusing to abide by the rules of the World Trade Organization.

AFP

China launches WTO dispute over US chip sanctions

Beijing (AFP) - China has filed a dispute with the World Trade Organization over US restrictions on chip exports, Beijing's commerce ministry said in a statement late Monday, accusing Washington of threatening global supply chains.

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Reuters

Taiwan mulls WTO case after latest Chinese import bans

Taiwan may take China to the World Trade Organization after the country effectively banned the import of more Taiwanese food and drink products, Premier Su Tseng-chang said on Saturday as Beijing accused Taipei of "political manipulation".

The Independent UK

WTO rules against Trump's steel and aluminum tariffs

The World Trade Organization has rejected the 2018 import taxes that then-President Donald Trump imposed on foreign steel and aluminum, saying they violated global trade rules

Reuters

Trump metal tariffs ruled in breach of global rules by WTO

The World Trade Organization ruled on Friday that U.S. tariffs imposed on steel and aluminium imports by then President Donald Trump contravened global trading rules in a judgment immediately criticised by Washington.

Politico

WTO says Trump's steel tariffs violated global trade rules

The Biden administration strongly condemned the decision, which it said was further proof that the WTO dispute settlement system is in need of fundamental reform.

Bangkok Post

Let the WTO referee carbon border taxes

Perhaps the most important task confronting the international order is the enforcement of national limits on greenhouse-gas emissions, such as those that were negotiated in the 2015 Paris agreement. Carbon border adjustments could give these limits teeth, but fair application requires a revived World Trade Organization.

The Independent UK

EU takes China to WTO over Lithuania trade dispute

The European Union has announced that it's begun legal action at the World Trade Organization against China over what it says are import restrictions Beijing has imposed on Lithuania

The Independent UK

EXPLAINER: US-European differences on climate law persist

President Joe Biden is trying to allay concerns raised by French President Emmanuel Macron about a clean energy law that benefits electric vehicles and other products made in North America

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