World Trade Organization Director-General Ngozi Okonjo-Iweala urged delegation heads to redouble their efforts to bridge differences on the ongoing discussions on curbing harmful fisheries subsidies by the end of February 2022. Discussions were suspended because of the Covid-19 Omicron variant
China has increased its global trade ninefold in the twenty years since joining the World Trade Organization, WTO, well ahead of the United States, according to the UN Conference on Trade and Development, UNCTAD.
The World Trade Organization chair of the fisheries subsidies negotiations, Ambassador Santiago Wills of Colombia, introduced a second revision of the draft negotiating text to be used as the basis for clause-by-clause discussions among members aimed at resolving remaining differences ahead of the 12th Ministerial Conference (MC12) to be held on 30 November to 3 December.
A report issued Tuesday by the World Trade Organization (WTO) for clothing exports in the year 2020 has shown that Vietnam has surpassed Bangladesh as the second-largest global trader.
The U.S. government on Friday said it would increase tariffs on aircraft imported from the European Union to 15% from 10%, ratcheting up pressure on Brussels in a nearly 16-year transatlantic dispute over aircraft subsidies.
The United States said on Thursday it was pushing hard for the World Trade Organization to reach agreement on cutting fishing subsidies in coming months and viewed those talks as a test of whether the global body can still achieve multilateral deals.
Some figures from the UNWTO International tourism highlights will help to underscore the significance of this industry for the global economy. International tourist arrivals grew 5% in 2018, to reach the 1.4 billion mark, two years ahead of the World Tourism Organization’s long-term forecasts, according to the Highlights, 2019 Edition.
The World Trade Organization agreed on Thursday to China's request to create a dispute panel tasked with judging whether US tariffs on solar panels violate international trade rules. The trade restrictions were imposed by Donald Trump's administration last year, part of a raft of measures initiated by Washington that have triggered a tit-for-tat tariff war between the world's top two economies.
President Donald Trump threatened on Tuesday to pull the United States out of the World Trade Organization (WTO) if conditions are not improved. “We will leave if we have to,” Trump told a cheering audience of workers at a Shell chemical plant in Pennsylvania.
United States president Donald Trump is sending a clear message to the economic policymakers gathering in Washington for the IMF and World Bank's spring meetings: My trade wars aren't finished yet and a weakening global economy will just have to deal with it.