Friday , December 4 2020
Home / Tag Archives: WTO

Tag Archives: WTO

WTO: Okonjo-Iweala facing block from US

Unclear if move is attempt to sabotage trade body much criticised by Trump | THE INDEPENDENT | The U.S. is blocking the appointment of Ngozi Okonjo-Iweala as the next head of the World Trade Organization despite the former finance minister of Nigeria winning the overwhelming backing of the WTO’s 164 …

Read More »

EU preparing countermeasures in subsidies dispute with U.S.

Brussels, Belgium| XINHUA |   The European Union (EU) is preparing countermeasures against the United States after the World Trade Organization (WTO) has confirmed the EU’s retaliation rights in reaction to illegal subsidies granted to the U.S. aircraft maker Boeing, the European Commission said on Monday. The announcement was made after …

Read More »

EU can slap tariffs on U.S. goods over Boeing aid: WTO

Geneva, Switzerland | XINHUA |   The World Trade Organization (WTO) on Tuesday ruled that the European Union (EU) can impose tariffs on U.S. products worth around 4 billion U.S. dollars, in retaliation for government subsidies given to the aircraft manufacturer Boeing. The WTO said in an arbitration decision that the …

Read More »

World trade to fall by 9.2 percent in 2020: WTO

Geneva, Switzerland | Xinhua | World merchandise trade is expected to fall by 9.2 percent in 2020, followed by a 7.2-percent rise in 2021, the World Trade Organization (WTO) said on Tuesday in its revised trade forecast. In April, the WTO had predicted a decline in the volume of world …

Read More »

Africa vs the West: Who will take the WTO helm?

Geneva, Switzerland | AFP | The World Trade Organization on Monday kicked off the process for selecting a new director-general, after its current chief Roberto Azevedo decided to leave a year early. With Azevedo, a Brazilian career diplomat, now set to leave on August 31, the WTO opened a one-month …

Read More »

Australia threatens WTO action as dispute with China deepens

Sydney, Australia | AFP | Australia threatened Tuesday to take China to the World Trade Organisation to counter a fresh round of punitive sanctions, as the two countries clashed over an investigation into the origins and spread of the coronavirus. Canberra said it may seek remedial action to overturn almost 81 …

Read More »

IMF, WTO warn against export controls on medical supplies, food

Washington, United States | AFP | The growing use of export restrictions by governments can be “dangerously counterproductive” as the world deals with the coronavirus pandemic, the IMF and WTO warned Friday. The two institutions called on global leaders to commit to refrain from imposing or tightening controls on product sales, as they did at …

Read More »

World faces food crisis in wake of coronavirus: UN, WTO

Paris, France | AFP | The heads of three global agencies warned Wednesday of the risk of a worldwide “food shortage” if authorities fail to manage the ongoing coronavirus crisis properly. Many governments around the world have put their populations on lockdown causing severe slow-downs in international trade and food supply chains. Panic buying by …

Read More »