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The Latest Breaking News from WTO

China attack on Taiwan would hit global trade more than Ukraine war, says Taiwan

Any Chinese military attack on Taiwan would have a greater impact on global trade flows than the Ukraine war, Taipei's top trade negotiator told Reuters on Tuesday, saying it would lead to a shortage of semiconductor chips.

Reuters

WTO Seeks Shot in the Arm with Covid Jab IP Idea

The WTO's search for a role in fighting the pandemic sharpened up on Monday as ministers seek a compromise to lift intellectual property rights on Covid-19 vaccines. The World Trade Organization's first ministerial meeting since December 2017 is wrestling with the wording of a text that would temporarily waive patents…

Asharq Al-Awsat

World Trade Organization seeks shot in the arm with Covid jab IP idea

The WTO's search for a role in fighting the pandemic sharpened up on Monday as ministers seek a compromise to lift intellectual property rights on Covid-19 vaccines.

France 24

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Jurin sets out support for WTO

Thailand has reaffirmed its support for the World Trade Organization (WTO) to accelerate its role in responding to Covid-19 and future pandemics, addressing the global food crisis and food security, and concluding a fisheries subsidy agreement.

Bangkok Post

WTO should allow food exports from public stock to help countries in need: Goyal

"For India, a response to the pandemic would not be complete without a TRIPS (Trade Related aspects of Intellectual Property Rights) waiver," the Union Mininster said.

The Hindu

The WTO, with its ‘market knows best’ ideology, has failed. It’s time to bury it

The WTO has encouraged agricultural monopolies and cheap labour, and created vulnerable supply chains, says Nick Dearden, director of Global Justice Now

The Guardian - UK

WTO warns of 'rocky road' with food shortages, vaccines on agenda in Geneva

The World Trade Organization is gathering in Geneva for its first ministerial meeting in nearly five years to tackle food security threatened by Russia's invasion of Ukraine, overfishing and equitable access to Covid vaccines.

Radio France Internationale

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Morning Digest | Over 400 arrested in various States for violent protests against Prophet remarks, Rahul Gandhi to appear before ED in National Herald case today, and more

A select list of stories to read before you start your day

The Hindu

Unfortunately, WTO could not respond with alacrity to control COVID-19 pandemic, says Piyush Goyal

“My country ramped up supplies of medical products to provide medical and health items globally. Unfortunately, the WTO (member countries) could not respond with alacrity”

The Hindu

WTO Chief Sees Rocky Road for Trade Deals at Global Meeting

World Trade Organization chief Ngozi Okonjo-Iweala expressed cautious optimism on Sunday that more than 100 trade ministers meeting in Geneva would achieve one or two global deals this week, but warned the path there would be bumpy and rocky. The director-general from Nigeria said the world had changed since the…

Asharq Al-Awsat

Farmers seek India’s exit from WTO; stage protest

MYSURU

The Hindu

WTO chief sees 'bumpy' road as ministers work to reach deals

The head of the World Trade Organization is predicting a “bumpy and rocky" road as the international trade body opens its highest-level meeting in 4-1/2 years

The Independent UK

The WTO faces a make or break week over vaccines

The ruling on whether or not to waive patent rules will this week show if the trade body is for the world or the west

The Guardian - UK

Ministers Gather for High-stakes WTO Meet

The World Trade Organization gathers ministers in Geneva Sunday to tackle pressing issues including global food security threatened by Russia's invasion of Ukraine, overfishing and equitable access to Covid vaccines. With its first ministerial meeting in years, WTO faces pressure to finally eke out long-sought trade deals and show unity…

Asharq Al-Awsat

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Asharq Al-Awsat

Egypt Calls for Increasing Response to Food Security Challenges in Developing Countries

Egypt has called for boosting the response to the food security challenges in developing countries. The Foreign Ministry said Egypt submitted a draft resolution to the World Trade Organization (WTO) on enhancing the organization's response to food security challenges in developing, net food-importing countries, and least developed countries. The draft…

Asharq Al-Awsat

WTO Looks to Reach Trade Deals

The World Trade Organization is facing one of its most dire moments, the culmination of years of slide toward oblivion and ineffectiveness.

The Independent UK

WTO looks to reach trade deals with its fate on the line

Government ministers from World Trade Organization member countries are gathering for four days to tackle key issues like overfishing of the seas, COVID-19 vaccines for the developing world and food security

The Hindu

Explained | The Indian patent regime and its clash with the U.S. norms

The U.S. Trade Representative highlighted IP challenges in India in its annual Special 301 report released last month

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Benzinga

Morning Brief: Top Financial Stories Dominating on Wednesday, June 8

CNBC

Benzinga

COVID-19 Vaccine Patent Waiver Expected Soon, Says WTO Head: Reuters

In a telephone interview with Reuters, WTO's Director-General Ngozi Okonjo-Iweala, an agreement on waiving intellectual property rights for COVID-19 vaccines is within reach. A key World Trade Organization (WTO) meeting is scheduled next week to discuss the COVID-19 vaccine patent waiver debate. "If we get one or two deliverables, that…

Reuters

COVID vaccine rights waiver within reach, WTO chief says ahead of meeting

An international agreement on waiving intellectual property rights for COVID-19 vaccines is within reach ahead of a global trade meeting next week, the head of the World Trade Organization said on Wednesday.

Asharq Al-Awsat

Saudi Tourism Ministry Launches Global Program to Train 100,000 Young Men, Women

The Ministry of Tourism launched Tuesday the "Tourism Pioneers" program, which aims to develop the capabilities of 100,000 young Saudi men and women in the field of hospitality, tourism and travel. Minister of Tourism Ahmed bin Aqeel Al-Khateeb launched the program on the sidelines of the 116th session of the…

Reason

Globalization Is Alive, Well, and Changing

America can join with more free trade or it can miss out.

The Hindu

The IPEF holds promise but there are perils too

The U.S. has been carefully constructing the framework and India, despite endorsing it, needs to be wary of hurdles

The Conversation

We still need a vaccine patent waiver, but not the one on offer at the World Trade Organization meeting

In mid-June, the World Trade Organization (WTO) will meet to finish negotiations to waive certain sections of the agreement on Trade Related Intellectual Property Rights (TRIPS). However, it is not the TRIPS waiver originally proposed 18 months ago by member states South Africa and India, which would have allowed countries…

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