Britain would face grueling negotiations to set the terms of its World Trade Organization membership if it decided to leave the European Union, the group's chief warned in Thursday's Financial Times.
World Trade Organization, or WTO, reached a groundbreaking accord in Kenya on Saturday which obliges developed countries to eliminate subsidies for their agricultural exports as requested by the least developed nations to protect their farmers.
After many years of talking, the World Trade Organization (WTO) pulled off a major deal last week that the body said could boost global commerce by one trillion dollars annually. The deal is the first multilateral trade agreement in the organization’s 20-year history. Agreement has been difficult to reach because WTO deals require the unanimous backing of its 160 member countries.
The failure of the two major players in global trade negotiations to bridge their differences has put paid to the adoption of the protocol of amendment for implementation of the contested Trade Facilitation Agreement (TFA) for the time being.
The World Trade Organization has agreed its first ever global deal aimed at boosting commerce. The agreement reached in Bali, Indonesia, simplifies trade procedures and also makes it easier for the poorest countries to sell their goods.
With a busy agenda prior to her G20 Summit address, Argentine President Cristina Fernández renewed her criticism of so called world powers’ protectionism and warned about a “crisis of the multilateral system” both in the economic and political arenas.
President Dilma Rousseff ratified Latinamerica and Mercosur as Brazil’s foreign policy priorities, but at the same time emphasizing the ‘excellent relations’ with the United States and the European Union.
Brazil’s Roberto Azevedo vowed to revive the deadlocked World Trade Organisation, as he was confirmed this week as the incoming leader of the body which sets the rules for global commerce.
Brazil's Roberto Azevedo has won the race to become the next head of the World Trade Organization, the first candidate from Latinamerica and from the BRIC club of emerging economies to take the job.
Paraguay made public in Geneva its support for Mexico’s candidate Herminio Blanco as the next Director General of the World Trade Organization. The other hopeful who reached the final round is from Brazil, Roberto Azevedo. On Tuesday it should be known who will succeed the current head Pascal Lamy as of next September.