China's commerce ministry said Beijing supported the multilateral trading system and respected WTO rules and rulings, and hoped Washington would do the same
It added that travel restrictions are likely to account for a substantial increase in trade costs for as long as they remain in place
According to the trade dispute norms of the WTO, if these countries would come with their requests for second time, the panel will be set up in the case
The world gross domestic product is expected to contract by 3%, international trade may decline by up to 32%, and 49 million people could slip into extreme poverty
Says multilateralism is under threat on post-Covid world, calls for forward-looking, inclusive agenda
The 62-year-old Brazilian career diplomat's second four-year term was not scheduled to end until September 2021
Azevedo said that bringing forward his departure would allow members to select his successor in the coming months
It is time to shrug off the ideological shackles about the way we work, play and live
Commerce Minister Piyush Goyal says open to export incentives if they are 'justified, reasonable and WTO compliant'
The fall in March trade figures is only the beginning of a trend that is likely to continue in the first quarter of this fiscal year
Drop in world commerce might be biggest since the Great Depression
G20 leaders pledged last week to inject over $5 trillion into the global economy to limit job and income losses caused by border closures and sweeping shutdowns
The US in July had dragged India to the WTO by filing a complaint against New Delhi's move to increase customs duties, alleging the decision as inconsistent with the global trade norms
As confidence of member nations plummets, reforming the global body itself forms the core agenda for many countries
Roberto Azevedo pledged to start immediate efforts to find a "permanent solution" for the Appellate Body
The restrictive measures cover an estimated USD 460.4 billion worth of traded merchandise, an increase of 37 per cent over the same period previous year.
Outbound trade fell by 6.57 per cent in September, to a three-month low with the trade decline plaguing major foreign exchange earners
Experts say the country will break its commitments under WTO once higher tariffs against US kicks in on August 4
Business Standard explains the issue that is said to have derailed the WTO negotiations at Buenos Aires
Differences in negotiation capability on display