Wto On Global Trade

WTO's step towards dispute settlement process reform

Many WTO members have opted to include a mechanism for resolving trade disputes in their bilateral or regional free trade agreements

Hope nations will come to WTO meet with positive attitude like India: Goyal

India on Friday expressed hope that other countries will come to the WTO meet in Abu Dhabi with a positive attitude and listen to the concerns of developing nations for providing free and fair solutions to their problems. Commerce and Industry Minister Piyush Goyal also said that though the World Trade Organisation (WTO) has played an important role in setting robust rules for global trade, there are significant problems in the organisation. Trade ministers of 164 countries will gather in Abu Dhabi, UAE from February 26 to discuss a range of issues pertaining to areas such as agriculture, fisheries subsidies, and a moratorium on imposing customs duty on e-commerce trade. "I do hope that other countries will also come to the table with a positive attitude as does India...(I do hope that) other countries are also willing to listen to us and other less developed and developing countries' concerns and give free and fair solutions to the problems," Goyal said at the Raisina Dialogue ...

Trade measures of G20 nations become more restrictive in recent months: WTO

Trade measures introduced by G20 member countries have become more restrictive in recent months, according to a report from the World Trade Organisation (WTO). According to the 30th WTO Trade Monitoring Report on G20 trade measures, between mid-May and mid-October 2023, the countries have introduced more trade-restrictive than trade-facilitating measures on goods. WTO Director-General Ngozi Okonjo-Iweala has called on the G20 to show leadership and contribute to economic stability and growth by unwinding recent and longstanding restrictions on trade. G20 members include India, Argentina, Australia, Brazil, Canada, China, France, Germany, Japan, Russia, the UK, and the US, among others. "Trade measures introduced by G20 economies have become more restrictive in recent months," the WTO said.

WTO's proposed reforms leave question of appeals court unanswered

"In addressing the issue of appeal, delegates are actively exploring potential resolutions that can reconcile the diverse perspectives expressed by Members," he said

WTO chief warns of 'big impact' on trade if Israel-Hamas conflict widens

"Everybody's on eggshells and hoping for the best," she said

WTO ruling on IT products: Govt seeks to address trade bloc's tariff worry

Issue to be taken up next week's India-EU Trade & Tech Council meet

WTO ruling against India in tech tariffs dispute with European Union

India, however, believes that such retaliations will eventually be detrimental to the trade on both sides

WTO panel rules against India in ICT tariff dispute with EU, others

The EU has also approached India to resolve the matter through a multi-party interim appeal arbitration arrangement (MPIA)

Global trade growth to slow to 1.7% in 2023 amid rising inflation: WTO

Dragged down by a sharp slump in the fourth quarter, world trade volume grew by 2.7 per cent, "a smaller-than-expected increase"

Global trade growth to slow in the last months of 2022 and into 2023: WTO

The triggers: Ukraine war, high energy prices, monetary tightening by major economies

Global trade likely to fall by 13-32% in 2020 amid Covid-19 outbreak: WTO

Drop in world commerce might be biggest since the Great Depression

Global trade may plummet between 13% to 32%, WTO sees 'ugly' numbers

'These numbers are ugly - there is no getting around that,' World Trade Organisation Director-General Roberto Azevedo said

WTO warns of trade slowdown as quarterly outlook indicator hits 9-year low

A reading below 100 signals below-trend growth in trade

G20 trade restrictions soar, cover around $481 billion of trade, says WTO

The new restrictions covered six times more trade than in the previous period and were the largest since the WTO started monitoring G20 trade in 2012

India takes US to WTO's safeguard committee on steel, aluminium duties

The consultations however don't fall under the World Trade Organisation's dispute settlement system

WTO suggests moderate global trade growth in Q4

The latest reading of 102.2 is slightly lower than that issued in August, which pointed to a continuing recovery of trade in the second and third quarters, said the WTO