The United States President Donald Trump’s trade chief said on Monday that the World Trade Organization (WTO) is losing its focus on trade negotiations in favor of litigation, and was going too easy on wealthier developing countries such as China.
Australia has criticized UK's post-Brexit trade plans to split quotas of food imports from around the world. EU rules allow for a certain amount of goods to be brought in from countries outside of the Union without charging full tariffs, but after Brexit, the UK and EU want to split these quotas, based on where the goods are mostly consumed.
Canada has urged the World Trade Organization to block attempts by Brazil to trigger a detailed investigation of its aerospace industry to buttress its case that subsidies to Bombardier caused “serious prejudice” to Brazil’s Embraer. The procedural move by Canada comes a month after the WTO agreed to set up a panel to investigate Brazil’s claim that Canada provided harmful aid to the CSeries jet.
Argentine vice-president Gabriela Michetti ratified before the United Nations General Assembly her country's “legitimate and imprescriptible” sovereignty rights over the disputed Falkland/Malvinas Islands and made a new call on the United Kingdom to resume “bilateral negotiations”
US aircraft manufacturer Boeing has won a victory in a long-running dispute with European rival Airbus. The World Trade Organization has reversed on appeal a ruling that Boeing received some state aid to help build its newest aircraft, the 777X.
Qatar has filed a complaint with the World Trade Organization over a trade embargo imposed by its Gulf neighbors. The complaint accuses Saudi Arabia, Bahrain and the United Arab Emirates of violating the trade group's core laws and conventions on trade of goods and services, and trade-related aspects of intellectual property, according to a statement from Qatar's ministry of economy and commerce.
President Donald J. Trump hosted President Mauricio Macri of Argentina (Thursday 27 April) to discuss ways to deepen the close partnership between the United States and Argentina.
China's battle for recognition as a market economy that would help it avoid penalties from key trade partners has been thwarted, as a key clause in Beijing's deal to join the WTO expired on Sunday.
United States was given 90 days to drop a special tax exemption for the giant aerospace company Boeing because it amounts to an unlawful subsidy. The World Trade Organization (WTO) made the order after investigating a complaint from the European Union.
Zhang Xiangchen, China's deputy international trade representative, said his country would defend its rights under World Trade Organization tariff rules should Trump uphold his campaign threats to levy punitive duties on China-made goods, which, according to an Auxtralian expert, is “very unlikely” to happen.