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The Latest Breaking News from WTO

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.

Reuters

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.

Bangkok Post

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

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Editorial: Reform and Opening-Up Is Needed to Get China’s Economy Back on Track

Easing of Covid restrictions won't automatically lead to recovery, with more economic reforms required by the government at all levels

Caixin Global

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

The Independent UK

Saudi Arabia, Morocco Sign MoU to Boost Sustainability in Tourism Industry

Saudi Arabia and Morocco signed on Friday a memorandum of understanding to promote cooperation in tourism and coordinate efforts to achieve sustainable development of the tourism industry. The ceremony was attended by Saudi Tourism Minister Ahmed bin Aqil Al-Khatib, and his Moroccan counterpart, Fatima Zahra Ammor, on the sidelines of…

Asharq Al-Awsat

Trade head: How to tackle the world's 'poly-crisis'

Countries can protect their supply chains without turning to protectionism, WTO director-general says.

Newsroom.co.nz

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Intellectual property waiver for COVID vaccines should be expanded to include treatments and tests

Global inequities in access to COVID vaccines have turned out to be a “catastrophic moral failure”, just as the World Health Organization warned they would in January 2021. Yet it took 20 months of negotiations for members of the World Trade Organization (WTO) to agree to a limited relaxation of…

The Conversation

World Trade Organisation head says Australia should focus more on green hydrogen, less on coal

The head of the World Trade Organisation says Australia should aim to reduce its reliance on coal exports and instead focus on green hydrogen.

ABC News

Time to act on conflict's impact

It is now nearly nine months since Russia invaded Ukraine. A war that should never have happened, and which Moscow hoped would be over in a matter of days, threatens to drag on endlessly. Estimates of military and civilian deaths vary wildly but are in the tens of thousands on…

Bangkok Post

At the most challenging G20 in history, can Indonesia run a successful summit?

Indonesia is holding the G20 Summit in Bali on November 15-16. Heads of states from the world’s largest economies are attending – although Russian President Vladimir Putin has decided not to attend in-person.

The Conversation

Australia hopes meeting between Anthony Albanese and Xi Jinping could free up ‘current trading blockages’ with China

Trade minister Don Farrell says Australia is ‘open to discussing possible off-ramps that result in a mutually agreed solution’

The Guardian - AU

COP27: WTO chief seeks to revive green trade talks

The head of the World Trade Organization aims to revive negotiations on a global environmental trade deal, she told Reuters, as part of efforts to give the trade watchdog a bigger role in tackling climate change.

Reuters

Fixing insecurity in the food trade

Between rising hunger and the prospect of still more supply shortages, dark clouds are hovering over the global food system. Not only has the war in Ukraine limited access to, and raised prices for, food, and fertiliser, but extreme weather events are disrupting production, and economic downturns have diminished people's…

Bangkok Post

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Dynamite News

World Cotton Day 2022: Time To Appreciate The Significance Of Cotton

One of the most widely used plant products globally is cotton, specifically cotton fibre and cottonseed. Read more on Dynamite News:

The Guardian - US

US Covid recovery in ‘jeopardy’ unless poorer countries helped, group warns

Congressional group writes letter urging Biden to extend WTO agreement aimed at easing generic vaccine exports

Reuters

WTO warns 'darkened' trade outlook could deteriorate further

The World Trade Organization forecast a slowdown of global trade growth next year as sharply higher energy and food prices and rising interest rates curb import demand, and warned of a possible contraction if the war in Ukraine worsens.

The Independent UK

WTO predicts trade growth to slow next year amid crises

The World Trade Organization is predicting global trade volumes to grow a lackluster 1% next year as higher energy prices, rising interest rates and uncertainties about Chinese manufacturing output amid the lingering COVID-19 pandemic weigh on markets

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Reuters

Costa Rica to suspend tariff benefits for Panamanian products amid trade dispute

Costa Rica will suspend tariff benefits for Panamanian products, the country's foreign trade ministry said on Thursday, marking another step in a trade dispute that started in 2020 and is the subject of a World Trade Organization (WTO) lawsuit.

The Conversation

Africa risks losing out on trade as rich countries cement relationships with trusted partners

Over the past few years, the world’s supply chains have been strained and disrupted by the COVID pandemic, Russia’s invasion of Ukraine, and rising geopolitical tensions. These started with the US-China trade war and then intensified following the war in Ukraine.

Bangkok Post

WTO chief: World economy edging into recession

The head of the World Trade Organization (WTO) added her voice to a growing chorus of observers who see the global economy headed into a recession.

Reuters

WTO can reach deals on 'difficult' topics by early 2024 - WTO chief

The head of the World Trade Organization said on Tuesday the 164-member body can negotiate more ambitious deals, such as on agriculture, climate change and internal reform by its next major meeting, after concluding a series of trade deals in June.

The Hindu

India discusses cooperation among IBSA countries in various multilateral fora, including UN, WTO and G20

The IBSA has emerged as a key tripartite grouping for the promotion of cooperation in a range of areas.

The Hindu

India defends its decision to ban rice, wheat exports at WTO

At a meeting in Geneva, the U.S. and the European Union raised questions over India’s decision to ban export of wheat and rice, stating it could have adverse implications on global markets

The Conversation

WTO head Ngozi Okonjo-Iweala: how trade can help beat inequality

In a recent study South Africa was identified as ranking first of 164 countries in the World Bank’s global poverty database. Underlying this inequality is its very high rates of unemployment. Professor Dori Posel spoke to World Trade Organisation (WTO) Director General Dr Ngozi Okonjo-Iweala about why trade is important…

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