Tag: World Trade Organization (WTO)

Saturday, October 7th 2023 - 07:27 UTC
WTO cuts 2023 global trade growth by half to 0,8%; forecasts a great 3,3% leap in 2024

The World Trade Organization (WTO) expects international trade to grow by 0.8% this year, down from the 1.7% estimated in April. In its updated forecasts released this week, the organization justifies the downgrade with an inflationary environment, rising interest rates in the United States and the European Union, as well as tension in the Chinese real estate market.
Saturday, January 28th 2023 - 10:20 UTC
Brazilian FM ratifies commitment to WTO

Brazil's Foreign Minister Mauro Vieira Friday told World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala about the South American country's commitment to the global entity under the new administration of President Luiz Inácio Lula Da Silva.
Tuesday, November 22nd 2022 - 10:00 UTC
Brazil encouraged with UK larger quota for chicken meat and sugar

Brazil is forecasted to gain a 19.3% larger quota of chicken meat exports to the UK in accordance with the bilateral agreement signed last November 17 at the World Trade Organization (WTO), according to information from the financial press agency Valor.
Wednesday, October 5th 2022 - 14:51 UTC
Brazil, with Mercosur partners, plans to become a global rice exporting hub

As India, the world leader in exports restricts rice shipments, Brazil signaled at the World Trade Organization (WTO) that together with Mercosur partners, it is ready to expand exports and help with global food security.
Friday, August 26th 2022 - 10:09 UTC
Ukraine conflict, inflation, tighter monetary policy slowing down global trade, WTO quarter report

The World Trade Organization warns that uncertainty has increased as a result of the conflict in Ukraine, growing global inflation, and the predicted tightening of monetary policy by central banks in advanced nations.
Thursday, July 7th 2022 - 10:20 UTC
Argentina and Uruguay agree on temporary ban to hake fishing

The Joint Technical Commission of the Maritime Front of Argentina and Uruguay has issued a temporary ban on hake catching due to the “concentration of juvenile specimens” that “it is necessary to protect,” it was announced Wednesday.
Monday, June 20th 2022 - 09:02 UTC
WTO reaches deal to curb overfishing and subsidies, with the target of fisheries sustainability

After two decades of discussions, the World Trade Organization, WTO, finally reached a deal aimed at curbing overfishing which was hailed by conservation groups as a major turning point, even if it was the result of compromises to seal the long-sought agreement.
Thursday, June 16th 2022 - 10:14 UTC
Latin America at WTO, stands up in support of reforming agriculture trade rules

Sixteen Latin American countries, led by Brazil pledged this week to work together to demand reform of world agricultural trade rules at the World Trade Organization (WTO). The decision was taken among other issues to counter the protectionist policies of developed countries and India.
Monday, June 6th 2022 - 15:36 UTC
Although still below 2019 levels, tourism arrivals picking up in Europe and the Americas

The World Tourism Organization is reporting that tourism continues to recover at a strong pace. Globally, destinations welcomed almost three times as many international arrivals in the first quarter of 2022 as in the same period of 2021, with Europe leading the sector’s rebound. Experts are also looking into the future with more optimism.
Monday, March 7th 2022 - 09:38 UTC
China's fisheries policy changing? Diverting fuel subsidies from vessels to good WTO fishing practices

China is growing up to its international commitments: two coastal provinces following instructions from the Ministry of Agriculture and Rural Affairs have started to award “fishery stewardship subsidies” to its vessels depending on how they implement measures such as catch volumes, respecting opening and closure of seasons, during the previous year.