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The Latest Breaking News from WTO

Brexit: EU launches legal challenge against UK over wind farm subsidies

Not the time to be ‘fighting this out in court’, says Whitehall official

The Independent UK

Profit over public health

The draft TRIPS waiver dents the credibility of the WTO

The Hindu

War in Ukraine could lead to food riots in poor countries, warns WTO boss

Exclusive: Ngozi Okonjo-Iweala says impact of conflict on food prices and hunger could be substantial

The Guardian - UK

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Ex-minister joins call to end UK block on drive for poor world access to Covid jabs

Exclusive: Joint letter from 31 parliamentarians warns leaked proposal is not good enough

The Independent UK

Cost of living crisis hitting economic outlook as firms hike prices – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

A blow to equitable access to essential medicines

The ‘compromise outcome’ at the WTO could see India and South Africa losing their lead theme in the COVID-19 fight

The Hindu

Why a leaked WTO 'solution' for a COVID patent waiver is unworkable and won't make enough difference for developing countries

There was a brief moment of euphoria last week, when it seemed that COVID-19 vaccines, medicines and supplies might be liberated from the World Trade Organization’s intellectual property rights straitjacket and a patent waiver would make them available and affordable to the unvaccinated in the global south.

The Conversation

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How Russia is using intellectual property as a war tactic

As part of its deadly assault on Ukraine, Russia has taken the rare step to use intellectual property rights as a war tactic. In early March, the Russian government issued a decree saying that Russian companies are no longer obliged to compensate owners of patents, utility models and industrial designs…

The Conversation

House gives Russia trade bill strong backing after Zelenskyy speech

WASHINGTON — The House on Thursday sent the Senate legislation that would revoke U.S. favorable tariff treatment of Russian goods as lawmakers search for ways to isolate and inflict economic pain on Moscow for its invasion of Ukraine.

Tribune News Service

World Trade Organization appoints panel to rule on Australia China wine dispute

The world's trade umpire appoints an independent panel to hear Australia's dispute with China over damaging wine tariffs.

ABC News

In sanctions route, what the world must take note of

Countering Russia’s illegality against Ukraine with measures not ingrained in international law amounts to reprisal

The Hindu

House gives Russia trade bill strong backing after Zelenskyy speech - Roll Call

The House voted overwhelmingly to pass a trade bill to punish Russia the day after Ukrainian President Volodymyr Zelenksyy's address.

Roll Call

Russia’s no longer a ‘most-favored nation’: 5 questions about the coveted trading status answered

The U.S., the European Union, Japan and Canada are further severing Russia from global markets by removing a coveted trading designation over its war in Ukraine. Known as most-favored-nation status, it generally entitles a country to the best possible trading terms, which comes with many economic benefits. The EU agreed…

The Conversation

Australia urged to step up as aid groups slam ’flawed’ COVID-19 vaccine deal

Leaked World Trade Organisation (WTO) negotiations have revealed a “flawed” plan to waive vaccine patents held by pharmaceutical giants.

The New Daily

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The Guardian - AU

Global powers inch closer to agreement to waive Covid vaccine patents

The move would allow for cheaper generic versions to be manufactured and distributed among developing nations faster

The Hindu

Patent rights on COVID-19 vaccines may be waived for five years

EU proposal comes in backdrop of dispute at WTO

Birmingham Post

35 per cent tariff increase on Russian seafood as Chancellor hits Putin's war machine with WTO withdrawal

Vodka also hit by hike as all luxury exports to Russia halted

Reuters

Allies join G7's WTO stance towards Russia - EU trade chief

Nine other countries have joined the G7 nations in stripping Moscow of its privileged trade treatment following Russia's invasion of Ukraine, EU trade chief Valdis Dombrovskis said on Tuesday.

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The Conversation

Two years into the pandemic, unequal access to COVID-19 treatments threatens the global recovery

It’s now two years since the World Health Organization began calling the COVID-19 outbreak a pandemic.

Roll Call

Senate confirms Pagan in USTR post tasked with addressing Russia's WTO status - Roll Call

The Senate confirms ambassador to WTO as lawmakers ready legislation that would push for Russian removal from the trade body.

Reuters

Explainer-Ousting Russia from WTO, IMF would mark end of an era

Amid the devastation of World War Two, the United States and its allies created the institutions that have governed the post-war global economic order, focused on rebuilding Europe, fighting poverty and bringing rivals together to work out trade disputes peacefully.

The Hindu

Why isn’t global interconnectedness halting war?

The Russian actions open the door to reinvent multilateral institutions that have been failing

Reuters

EU considers suspending equal treatment for Russia at WTO

The European Union said it was looking into suspending 'most-favoured nation' (MFN) treatment for Russia at the World Trade Organization over Moscow's invasion of Ukraine, meaning the bloc would be able to hike tariffs or set quotas on Russian imports.

Bangkok Post

BOI hosts the first APEC IEG meeting of 2022

As part of Thailand’s chairmanship of the APEC meetings in 2022, under the theme “Open. Connect. Balance.”, the Thailand Board of Investment (BOI), as Thailand’s main investment agency, hosted during 14 – 15 February 2022 the first meeting of the year of the APEC Investment Experts’ Group (IEG), which is…

AAP

WTO to look at China trade complaint

The intergovernmental body that regulates trade between countries will examine China's complaint that Australia has broken the rules over some steel products.

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