U.S. Secretary of Agriculture Sonny Perdue announced that the United States has joined with 12 other nations, (including Mercosur founding members) to support policies that enable agricultural innovation, including genome editing. The International Statement on Agricultural Applications of Precision Biotechnology was released in Geneva at the World Trade Organization Committee on the Application of Sanitary and Phytosanitary Measures.
Argentina, Costa Rica, Japan and the European Union are supporting a U.S. drive to enforce greater transparency and discipline at the World Trade Organization, an updated proposal published by the WTO showed on Friday.
A no-deal Brexit could slam the brakes on the UK’s economic growth, wiping out Chancellor Philip Hammond’s hopes of boosting public spending, a think tank has said. If the UK fails to reach a withdrawal deal with the EU and moves on to World Trade Organization (WTO) rules next March, GDP growth can be expected to slow sharply from 1.4% this year to 0.3% in both 2019 and 2020, said the National Institute of Economic and Social Research (Niesr).
The trade dispute between the United States and China could well expand into other areas given the significant “ammunition” the two countries have, the director-general of the World Trade Organization (WTO) said on Wednesday.
The EU's chief Brexit negotiator Michel Barnier has said he is “strongly” opposed to key parts of Theresa May's proposals for a future trade deal. On Sunday morning the prime minister said she would not compromise on the UK government's Chequers plan.
President Donald Trump has threatened to withdraw the US from the World Trade Organization (WTO) if the body fails to change the way it treats America. “If they don't shape up, I would withdraw from the WTO,” Mr. Trump said in an interview with Bloomberg News.
The United States launched five separate World Trade Organization dispute actions on Monday challenging retaliatory tariffs imposed by China, the European Union, Canada, Mexico and Turkey following U.S. duties on steel and aluminum. The retaliatory tariffs on up to a combined US$28.5 billion worth of U.S. exports are illegal under WTO rules, U.S. Trade Representative Robert Lighthizer said in a statement.
A World Trade Organization (WTO) Panel has ruled against complaints brought by several countries concerning Australia’s tobacco packaging law, which implements the WHO Framework Convention on Tobacco Control and its Guidelines. The panel decided that Australia’s policy on plain packaging is consistent with WTO law.
The World Trade Organization (WTO) has ruled that the European Union (EU) failed to comply with requests to end subsidies for Airbus. US Trade Representative (USTR) said the ruling in the dispute opens the way for placing tariffs on EU goods.
Brazil is pushing for the establishment of rules around Internet data flows and has presented a document on the subject to the World Trade Organization (WTO) to stress the urgency of starting a more objective debate. Amid concerns over Facebook's use of tracking users with pixels, Brazil joins the Netherlands, France, and EC in legal moves.