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  • August 21, 2014
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  1. Business - Economy - TRADE

    WTO members agree surprise deal in Bali to cut barriers to global trade

    Posted Dec 08th 2013, 06:28am by AP

    ... Associated Press in Bali WTO agrees deal against the odds A deal to ease barriers to global trade has been approved by the World Trade Organisation's 159 member economies. The deal, the first they've reached in nearly two decades, keeping alive the possibility a broader agreement to create a level playing field for rich and poor countries can be reached. WTO director ...

  2. News - China

    China loses WTO appeal in US speciality steel case

    Posted Oct 19th 2012, 08:30am by Reuters in Geneva and Washington

    ... in the evening in Beijing. The Obama administration said it was a victory for the United States, as well as for American workers and manufacturers. The WTO’s decision comes ahead of the November 6 US ... stating that we will continue to take every step necessary to ensure that China plays by the rules and does not unfairly restrict exports of US products,” he said. Obama has won WTO victories ...

  3. Comment - Insight & Opinion

    Move WTO to Hong Kong to reflect new global trade order

    Posted Aug 13th 2014, 05:45pm by JEAN-PIERRE LEHMANN

    ... The latest failure in an unending stream of failures occurred on July 31 when India refused to implement the Trade Facilitation Agreement that had been reached (in extremis) in Bali at the WTO ministerial meeting in December last year. Next year, 2015, will mark the 20th anniversary of the founding of the WTO- with 14 of the 20 years having been taken up by the elusive pursuit of the Doha ...

  4. Business - Economy

    Brazil’s WTO job a sign of trade clout, hope for talks

    Posted May 08th 2013, 10:55am by AFP

    ... Agence France-Presse in Geneva As Brazilian Roberto Azevedo prepares to take the helm of the WTO, analysts say his victory in its leadership race is a clear sign of the clout of emerging ... Azevedo, who is Brazil’s WTO ambassador, is poised to be confirmed as the successor of Frenchman Pascal Lamy as director general of global commerce’s rule-setting body. The WTO’s 159 member nations ...

  5. Business - Commodities - TRADE

    China loses appeal against WTO ruling on curbs on trade in rare earths

    Posted Aug 08th 2014, 09:38am by CHIM SAU-WAI, AFP

    ... Chim Sau-wai and Agence France-Presse in Geneva Trade body upholds its ruling that export restrictions on the minerals violate rules China loses appeal to WTO over rare earths China says ... goods like mobile phones and televisions. The WTO's appeal body upheld its ruling of March this year, which found China's export restrictions- including duties, quotas and restrictions ...

  6. Comment - Insight & Opinion - MACROSCOPE

    Trade discord delivers fresh dent to WTO credibility

    Posted Aug 06th 2014, 12:50pm by PATRICK LOW

    ... Patrick Low Reform in the institution's decision-making processes is needed to avoid abuse of the consensus requirement by the minority Trade discord delivers fresh blow to WTO ... of multilateral trade talks. This time, it is because governments have failed to meet the first deadline for action set in Bali. WTO members were supposed to adopt the protocol of the trade facilitation ...

  7. Business - Economy - TRADE

    Impasse at WTO seen as boosting appeal of bilateral deals for China

    Posted Aug 02nd 2014, 12:50am by VICTORIKA RUAN

    ... at WTO spurs bilateral trade push The World Trade Organisation's failure to reach a significant multilateral deal may prompt countries such as China to accelerate talks on bilateral and regional pacts in a bid to rejuvenate sluggish trade growth, analysts say. In December, WTO members had cheered on reaching a trade facilitation agreement (TFA) to simplify customs procedures ...

  8. Business - Economy

    US seeks new global trade deal for services

    Posted Jan 16th 2013, 12:32pm by AFP

    ... in a statement. The talks come despite the languishing movement of the WTO’s global Doha trade talks, where progress has been slowed due to the global economic slowdown. Kirk said the talks on a services ... should reduce farm aid and the extent to which emerging market giants such as India and China should cut tariffs on industrial products. WTO Director General Pascal Lamy has encouraged partial ...

  9. News - Asia - DIPLOMACY

    India's stance on WTO deal sends 'wrong message' Kerry tells Modi

    Posted Aug 01st 2014, 11:26pm by AFP

    ... stance on WTOdeal is wrong: U.S. US Secretary of State John Kerry told Narendra Modi that India's stance on a WTO trade deal sent the wrong message, as he met the country's new prime ... commerce ministry officials as saying India remains committed to the deal as long as its demands for concessions on its anti-poverty food stockpiling deal are met. The WTO meets again in September ...

  10. News - Asia - INDIA

    India pulls support for WTO 'trade facilitation' pact

    Posted Jul 27th 2014, 05:49am by Reuters

    ... Reuters in New Delhi 'Trade facilitation' agreed in Bali could boost global economy by US$1 trillion India could derail WTO deal on trade rules India threatened to block ... in Bali last December in the WTO's first global trade agreement. But India, in an intervention on Friday, demanded a halt to the trade-facilitation timetable until the end of the year ...




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