worldtradeorganization
War, uncertainty and instability are weighing down the global economy, the head of the World Trade Organisation (WTO) warned on Monday, urging the bloc to embrace reform as nearly half the world's population brace for elections this year. WTO Director-General Ngozi Okonjo-Iweala sought to offer some praise for her organisation as it held its biennial meeting in the United Arab Emirates, even as it faces pressure from the US and other nations. But she was blunt about the risks ahead, as higher prices for food, energy and other essentials sting people's pockets, "fuelling political frustration"....
Euronews (English)
The latest development in the long-standing trade spat comes as a WTO compliance panel report made public on Tuesday (20 February) confirmed the EU's justification for challenging US tariffs on Spanish black olives. The case dates back to 2017 when the US imposed tariffs on Spanish olives, citing harm caused to American producers due to EU subsidies directed at Spanish olive producers through the Common Agricultural Policy (CAP). Subsequently, the US Department of Commerce levied anti-subsidy and anti-dumping duties ranging between 30% and 44% on imports of Spanish black olives. The EU challen...
Euronews (English)
By Mohammed Kudrati The World Trade Organization (WTO) early on Friday adopted a set of landmark trade deals and consensus on rules as part of its 12th Ministerial Conference (MC12) involving hundreds of trade ministers of various nations. The body is a 164-nation multilateral organization to set the common ground rules for international trade. The deal is significant for two reasons. First, since it is the first major global trade deal since 2017 at the forum, reconciling disparate stances by a cross-section of countries. Second, given that the WTO makes its rules based on consensus and unani...
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