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The Latest Breaking News from WTO

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

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 Guardian - AU

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

EU proposal comes in backdrop of dispute at WTO

The Hindu

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

Birmingham Post

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.

Reuters

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.

The Conversation

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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.

Roll Call

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.

Reuters

Why isn’t global interconnectedness halting war?

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

The Hindu

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.

Reuters

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…

Bangkok Post

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.

AAP

Death toll rises to 10 as bodies found in Lismore and Glen Esk – as it happened

This blog is now closed

The Guardian - AU

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The Independent UK

Countries ask to join WTO talks over China, Lithuania spat

More countries have asked this week to join talks about the European Union’s complaint with the World Trade Organization accusing China of exerting economic pressure on Lithuania

Reuters

Canada seeks to join EU challenge against China at WTO

Canada will seek to join the United Kingdom, the United States and Australia to be included in consultations as part of the European Union's dispute with China at the World Trade Organization over Beijing's alleged trade curbs on Lithuania.

The Hindu

Notes for India as the digital trade juggernaut rolls on

Sitting out trade negotiations could result in the country losing out on opportunities to shape the rules

The Hindu

India risks being edged out of patent waiver plan at WTO

Negotiations are at a “critical and sensitive” stage in Geneva, say sources

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Tribune News Service

Lithuania’s resistance to Chinese pressure a test for US strategy

Little Lithuania — population less than 3 million — has been taking a trade battering from China, but it is becoming a test case on whether smaller countries can be persuaded to resist Beijing’s economic coercion.

Roll Call

Lithuania's resistance to Chinese pressure a test for US strategy - Roll Call

Little Lithuania is standing up to China's economic pressure, making it a test case for its Biden administration allies.

The Independent UK

EU launches WTO action against China over Lithuania dispute

The European Union says it's launched action against China at world trade’s governing body for discriminatory practices against Lithuania

Reuters

There can a diplomatic solution with China over Lithuania - Dombrovskis

The European Union and China can find a diplomatic solution over their spat on Lithuania, European Commission Vice President Valdis Dombrovskis said on Thursday, speaking shortly after EU authorities challenged China's practices regarding Lithuania at the World Trade Organization (WTO)

Bangkok Post

WTO: China can slap duties on $645m of US imports

GENEVA: The World Trade Organization on Wednesday handed a fresh victory to China, permitting it to slap duties on $645 million worth of US imports per year, in a long-running anti-dumping dispute with Washington.

Reuters

U.S., EU downgrade metal tariff dispute at WTO

The United States and the European Union have downgraded their dispute at the World Trade Organization over steel and aluminium tariffs applied by former U.S. President Donald Trump in 2018 and subsequent EU retaliation, documents filed at the WTO show.

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