Latest in Tag: WTO Highlight

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Latest in Tag: WTO

WTO warns Trump trade war risks ‘millions of jobs’

The WTO chief warned that the trade dispute with was risking loss of investment, jobs, and economic chaos in the US. “We are calling everyone who believes that trade is a force for good to speak up,” he said.World Trade Organization (WTO) Director General Roberto Azevdeo warned on Wednesday that the ongoing trade war between …

Deutsche Welle

US challenges trade war counter-tariffs at WTO

Global trade tensions have been brewing for months with tariffs and counter-tariffs flying between the US, China and several other countries. The US government has now challenged some of the tariffs at WTO level.The US government on Monday announced challenges at the World Trade Organization (WTO) to the counter-tariffs that some of the country’s major …

Deutsche Welle

WTO slams rise in G20 trade restrictions

The World Trade Organization has pointed to a stark increase in trade restrictions initiated by G20 nations. It warned that protectionism was unsuitable to support the recovery of a post-crisis global economy.The latest WTO monitoring report on G20 trade measures showed Wednesday that new trade restrictions doubled in the period from mid-October 2017 to mid-May …

Deutsche Welle

WTO warns over US-China trade war

The World Trade Organization has forecast strong global trade growth this year but has warned that any further escalation in trade tensions between the United States and China could compromise those gains.The world trade in goods would grow 4.4 percent this year, above the post-financial-crisis average of 3 percent, the World Trade Organization said in …

Deutsche Welle

Trade minister heads to Geneva for WTO review of Egypt’s trade policy

Egyptian Trade and Industry Minister Tarek Kabil is heading to Geneva, Switzerland with an Egyptian delegation to participate in meetings to review the trade policy of Egypt, which is held periodically for all member countries of the World Trade Organisation (WTO). The meetings are scheduled to be held between 20 and 22 February 2018 at …

Shaimaa Al-Aees

Subsidies, dumping, tariffs, import restrictions on negotiation table between government, WTO

Magdy Makki, director-general of decision support at the Egyptian Customs Authority, said that the procedures of trade facilitation are being discussed with the World Trade Organization (WTO) delegation, as well as Egypt’s offer to facilitate the movement of bilateral trade. He added that during the meeting, facilitation was discussed in relation to the interest and …

Ahmed Farahat

Beijing’s long-awaited status update

Until now, China has forgone being titled a market economy, a matter far beyond semantics. It believes the time to change this has come. But it still has to convince the EU of the same – either through talks or threats.

Deutsche Welle

New rules of engagement: understanding TPP and TTIP

Since its founding in 1948, the World Trade Organisation (WTO) and its precursor have remained quite tightly targeted on trade and investment. With its particular focus on tariff reductions and trade negotiations, it has served as the pre-eminent glorious knight battling on behalf of consumers. However, all that changed in the past two decades. Success …

Valbona Zeneli

Does the WTO still contribute to World Trade?

In 1948, after years of negotiations, more than 50 nations signed the Havana Charter to create the International Trade Organization (ITO). But in the 1950s, President Truman decided not to resubmit the ITO charter to Congress for ratification due to perceived threats to national sovereignty and the danger of too much ITO intervention in markets. …

Michael Czinkota

WTO agrees agri-subsidies deal

The World Trade Organization talks have produced a deal to slowly phase out government subsidies for agricultural exports. But there’s no agreement on continuing the “Doha round” of multilateral trade negotiations.

Deutsche Welle

World Trade Organization (WTO) makes modest progress on farm export subsidies

The WTO meeting in Nairobi has failed to make much-needed progress on global trade barriers. However, members of the international trade organization did reach a deal on farm subsidies. The World Trade Organization (WTO)’s five-day meeting in Nairobi came to a modestly successful conclusion on Saturday, as the 162-member body managed to reach a deal …

Deutsche Welle

How joining the WTO could impact Afghanistan

After nearly 11 years of negotiations, Afghanistan and the World Trade Organization (WTO) have finally agreed on the country’s terms of accession to the global trade body. But will this help revive the flailing economy? “Our country’s accession to the WTO will serve as a catalyst for domestic reforms and transformation to an effective and …

Deutsche Welle

China loses WTO appeal in steel spat with EU, Japan

The World Trade Organization (WTO) has struck down Beijing’s appeal against an earlier ruling, which said China violated international trade rules when it imposed anti-dumping tariffs against certain steel tubes. China has lost a trade dispute over duties on European and Japanese high-grade steel, according to a WTO ruling that was made public on Wednesday. …

Deutsche Welle