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The Latest Breaking News from WTO

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

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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

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 Independent UK

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

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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.

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 Hindu

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 Conversation

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 Hindu

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 Independent UK

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

The Guardian - US

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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.

Al Jazeera

China to drop tariffs on Australian barley amid diplomatic thaw

China’s commerce ministry tariffs ‘no longer necessary’, while Australia drops trade complaint.

The Guardian - AU

Australia eyes backdown on wine after China agrees to scrap barley tariffs

The Australian government had agreed to suspend a World Trade Organization barley challenge in exchange for China’s review

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The Hindu

Dispute settlements that have no parallel

What India and U.S. have achieved by reaching a deal on six separate disputes is unprecedented

The Japan News/Yomiuri

Dealing with China: Economic Security issues / China boosts push for domestic production of key technologies

In China, President Xi Jinping's administration is intensifying moves to fully domesticate and insulate key technologies as national security measures. This is the first installment of a new series exploring how Beijing's actions are affecting firms doing business with China.

The Guardian - AU

China delays decision on Australian barley tariffs in setback on resolving trade disputes

Exclusive: The Albanese government says it is ‘disappointed’ Beijing’s review couldn’t be completed in the initial three months

The Hindu

Restoring the World Trade Organization’s crown jewel

But the larger game plan of the United States seems to be the de-judicialisation of trade multilateralism

The Hindu

Morning Digest | ‘Human error’ led to Balasore train tragedy, says report; NCP feud festers, goes to Maharashtra Assembly Speaker’s court, and more

The Hindu’s Morning Digest brings readers a select list of stories to start the day

The Hindu

India doubles its share of global commercial services exports between 2005 and 2022: World Bank & WTO report

India has doubled its share of global commercial services exports to 4.4% in 2022 from 2% in 2005, according to a World Bank and World Trade Organization (WTO) report.

The Hindu

Wayanad monsoon carnival from July 5

‘Splash-2023’, the 11th edition of the Wayanad monsoon carnival, organised by the Wayanad Tourism Organisation (WTO) in association with Kerala Tourism and the District Tourism Promotion Council, will be held from July 5 to 15

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