World Trade Organization (WTO)

Resistance to a joint UK-EU proposal to the World Trade Organization on trade after Brexit – which was once celebrated by the trade secretary, Liam Fox, as “real progress” – has triggered a break down in unity, with London and Brussels divided on a way forward. Fox had described the plan on how much ...

A crisis is looming for the World Trade Organization's dispute resolution system as the Trump administration presses the international body to reform its ways, and the U.S. ag sector could be a casualty in the coming showdown. The White House has a list of major changes it wants in how the WTO's ...

A recent United States paper submitted to the World Trade Organization (WTO) is a notable step toward establishing rules to remove digital trade barriers. The paper is significant for identifying the objectives of an international agreement on digital trade. However, it is also important because the paper ...

In the year 2000, The Bahamas obtained observer status in the world trade organization which permitted The Bahamas to become acquainted with the rules and procedures of the world trade organization (WTO). It also enabled The Bahamas to prepare for and begin negotiations for accession to the WTO.

Sitting grandly on the banks of Switzerland's Lake Geneva is the headquarters of the World Trade Organization (WTO), a free trade factory. Here the world's nations meet to hammer out trade deals and reduce tariffs - taxes charged on imported goods. But the system, which has been working in various ...

So we will follow rules of the World Trade Organization) and we will talk to them," Prabhu said. “We are completely in control of the situation.” Assistant US Trade Representative Mark Linscott visited India last week. Prabhu said "we are in touch with the US at all levels". He said that over four million Indians ...

President Donald Trump might be disrupting the status quo surrounding international trade but he's only one member of the World Trade Organization (WTO), according to the executive director of its joint agency, the International Trade Centre (ITC). "Donald Trump is the WTO. The WTO is 164 countries, the ...

The World Trade Organization is facing the greatest crisis of its 23-year existence. President Donald Trump doesn't believe the WTO can handle the problems created by China's rapid economic ascent and is fundamentally challenging the rules that govern international trade. “The WTO is unfair to U.S.,” ...

GENEVA — The head of the World Trade Organization says he understands that President Donald Trump wants to create U.S. jobs, but warns that getting tough on trade can trigger a “domino effect” that could derail such goals in the first place. Speaking to The Associated Press, Roberto Azevedo waded ...

China has filed a World Trade Organization complaint challenging President Donald Trump's tariff hike on imported steel and aluminum, the trade body said Tuesday. The tariff spat is one element of a wide-ranging trade dispute between Mr. Trump and Chinese President Xi Jinping's government.

Washington: The United States on Wednesday rejected as "baseless" China's retaliatory tariffs and complaint in the World Trade Organization over the US tariffs recently imposed on steel and aluminum imports. President Donald Trump imposed tariffs of 25 per cent on steel and 15 percent on aluminum ...

It's a “very delicate” moment in trade relations between some of the world's large economies, World Trade Organization Director-General Roberto Azevedo said Tuesday at a conference in Lisbon. The world is struggling with how to respond to U.S. President Donald Trump, who imposed steel and aluminum ...

It's a “very delicate” moment in trade relations between some of the world's large economies, World Trade Organization Director-General Roberto Azevedo said Tuesday at a conference in Lisbon. The world is struggling with how to respond to U.S. President Donald Trump, who imposed steel and aluminum ...

China said it would immediately challenge the U.S. move in the World Trade Organization. "It must be said, we have been forced into taking this action," a deputy commerce minister, Wang Shouwen, said at a news conference. "Our action is restrained." A deputy finance minister, Zhu Guangyao, appealed to ...

Now it's time to add the World Trade Organization to the list. The early signs of the US president's intentions towards the Geneva-based trade body all pointed towards hostility. As a candidate he called it a "disaster" and threatened a US withdrawal. His administration's trade office then said the United States ...

Nobel Prize-winning economist Joseph Stiglitz sounded a warning on President Donald Trump's resistance to appointing new judges at the World Trade Organization. "What makes things particularly of concern to me right now is that Trump has blocked the appointment of new judges at the WTO, and the ...

GENEVA — The handsome stone edifice that serves as the headquarters for the World Trade Organization rises like a fortress over Lake Geneva, projecting an air of impregnability. But lately the institution looks vulnerable, sowing worries that global commerce itself may be in jeopardy. As the United States ...

Quite rightly, President Donald Trump and his Administration are targeting the transgressions of China against US intellectual property rights in their unfolding trade strategy. But why not use the WTO rules that offer a real remedy for the United States without resorting to illegal unilateral action outside the ...

African heads of state have gathered in Kigali, Rwanda, to sign a free trade agreement that would result in the largest free trade area in terms of participating countries since the formation of the World Trade Organization. Leaders are poised to approve the African Continental Free Trade Area, a deal that will ...

But in one area this talk may have profound effects: on the health of the World Trade Organization and, surprisingly, on the ability of international actors to come together and confront China on trade and other issues—the very security concerns the president says that he's safeguarding. Advertisement.

Of course, the World Trade Organization (WTO) is meant to prevent these situations: both the unilateral raising of tariffs and the need for countries to strike side deals. The WTO, and its predecessor the GATT, came into existence for three primary reasons. The first was to ensure that its member states ...

The World Trade Organization can trace its roots back to end of World War II. In 1947, 23 nations came together to sign the General Agreement on Tariffs and Trade, or GATT. It went into effect in 1948. The rules established in GATT governed international trade during the second half of the 20th century.

The International Chamber of Commerce and the Qatar Chamber of Commerce and Industry have renewed a partnership agreement aimed at securing a robust ICC World Trade Agenda (WTA) work programme, established in 2012 to contribute to the advancement of the global rules-based trade and ...

GENEVA – The World Trade Organization on Wednesday selected Junichi Ihara, Japan's representative in Geneva, as the next chairman of the WTO General Council. Ihara, who will hold the post for a one-year term, becomes the second Japanese to head the General Council following Shotaro Oshima, ...

The World Trade Organization this week warned that Mr. Trump's trade war could lead the world into another recession. A major global trade war in the 1930s had disastrous results as it deepened the Great Depression. Yet the European Union (EU) has vowed to hit back by imposing retaliatory tariffs on ...

Trade wars could leave world in 'deep recession,' World Trade Organization chief says World Trade Organization Director-General Roberto Carvalho de Azevedo attends a press conference at the German federal Chancellery on March 11, 2015 in Berlin, Germany. Azevedo warned against harsh trading ...

“But we are fair and reciprocal traders and the World Trade Organization I think needs to change with the times,” he said. Trump's announcement of tariffs on aluminum and steel imports have sparked negative reactions from a number of major U.S. allies. European Commission President Jean-Claude ...

Former Director-General of the World Trade Organization, Pascal Lamy, arrives to give evidence to the Exiting the European Union Committee of ... “The more Britons move away from the EU the more it will cost them,” Lamy, a former director-general of the World Trade Organization, said in an interview.

During a meeting with World Trade Organization Chief Executive Roberto Azevedo, Prime Minister Boyko Borisov said Bulgaria continues to maintain economic and financial stability and take active measures to achieve high economic growth. Bulgarian exports have increased by almost 12% last year, ...

Trump says the World Trade Organization is a "catastrophe" and makes it almost impossible for the US to do good business. He specifically cited Canada and Mexico, where he said "the US loses a lot of money." Trump is finding out that his NAFTA partners aren't particularly concerned about the US leaving ...

Fortunately, U.S. leaders at that time recognized the value of a liberal multilateral trading system and supported a step forward, namely the establishment in 1995 of the World Trade Organization. The WTO goes beyond the GATT, because it deals not only with tariffs, but also with other barriers to trade, ...

The World Trade Organization is an international organization established in 1995 to regulate global trade. Membership in the organization is made up of approximately 160 countries, including the United States, which Gold refers to as "the architect of the entire global system." The WTO did not respond to ...

“We are considering a trade dispute against the US at the World Trade Organization and we are waiting to see the final order on the proposed safeguard duties on steel and aluminium,” a trade envoy of a major steel-producing country, who asked not to be named, said on Sunday. “It remains to be seen ...

A steel worker takes a sample at the blast furnace of ThyssenKrupp steel company on Sept. 22, 2005 in Duisburg, Germany. Ordering combative action on foreign trade, President Donald Trump has declared that the U.S. will impose steep tariffs on steel and aluminum imports, escalating tensions with ...

White House trade adviser Peter Navarro on Sunday dodged a question about whether the United States will ultimately leave the World Trade Organization (WTO). Navarro told CNN's Jake Tapper on "State of the Union" it was “a provocative question” to ask if the Trump administration will pull the U.S. out ...