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Wednesday, June 26, 2019

Tag: WTO

Airbus says US sanctions on its aircraft would have no legal...

The EU and the United States have fought for over a decade over mutual claims of illegal aid to plane giants Boeing and Airbus.

Trump eyes tariffs on US$11 billion of EU goods for Airbus...

Washington said it would impose the tariffs under the same previously dormant trade statute that it has used to justify duties on China over the past year.

Putrajaya, Indonesia send objection letter to EU over palm oil

The letter of objection was signed by Indonesian President Joko Widodo and Prime Minister Dr Mahathir Mohamad.

WTO says global trade slowed in fourth quarter, cuts forecasts

The WTO said global trade is likely to grow by 2.6% this year, slower than the 3% growth seen in 2018 and below a previous forecast of 3.7%.

US rejects WTO’s ‘straitjacket’ of trade obligations

China has challenged the Trump administration's tariffs in the WTO, arguing that they violate its agreed rules.

US trade agency sees negotiating new WTO rules to rein in...

USTR says US intends to hold China accountable for adhering to existing WTO rules and any unfair and market-distorting trade practices that hurt US workers, businesses, farmers or ranchers.

Indonesia to challenge ‘discriminative’ EU directive on palm oil

The EU accounted for around 15% of Indonesia's total palm exports of more than US$15 billion last year.

China joins talks to strike a worldwide digital trade pact

If successful, a digital trade accord would establish a baseline international regime for 21st-century trade and reduce cross-border hurdles to e-commerce.

US and China spar at WTO policy forum

Trump's administration has attacked the WTO on multiple fronts, including its alleged failure to respond to the Beijing's manipulation of free enterprise. 

US slams China trade policies, says will lead reform at WTO

US trade ambassador Dennis Shea said reforms are necessary for the continued viability of the WTO.

Theresa May mulls announcement on Brexit vote delay

With the odds stacked against her in Parliament and EU ministers saying there’s no Plan B, May could well be out of options.

G20 sealed landmark deal on WTO reform by ducking ‘taboo words’

Even the word 'multilateralism' itself has fallen out of favour in a group designed to foster international cooperation.

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

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.

US, China clash over WTO at Asia-Pacific meeting

The United States insistence that members of APEC agree to publicly criticise the WTO -- saying the organisation is not working and needs major reform -- has prompted Chinese opposition.

EU should brace for US standoff over China, ex-WTO chief warns

A surge in global protectionism from Brexit to the US-China trade war has done little to dent foreign direct investment flows overall, according to data presented to the XBMA conference on cross-border mergers and acquisitions.

China’s Premier Li to meet heads of IMF, World Bank on...

China's Premier Li Keqiang will meet the heads of the IMF, the World Bank and the World Trade Organization as well as the Organization for Economic Co-operation and Development in Beijing.

US urges EU to stop WTO steel spat, hopes for deal...

US Ambassador Dennis Shea told the WTO's monthly dispute settlement meeting, which was considering 12 requests for adjudication over US tariffs and related retaliation, that Washington was deeply disappointed with the EU's stance.

WTO members hold talks to tackle challenges to its future

Absent from the meeting are the United States and China, whose escalating tariff war has thrown the future of the 23-year-old trade body into doubt.

Major WTO showdown looks harder to avoid as US, China, EU...

The EU, China and the US escalated disputes over new US metals tariffs, the European response to those levies, and Chinese intellectual property practices.

Europe, US escalate trade war with duelling disputes at the WTO

The move sets the stage for a showdown at the Geneva-based trade arbiter that some fear could either lead to a US exit or a flood of new protectionist measures.

`Winter is coming’ finance chiefs warn as trade tensions deepen

World leaders are now struggling to find common ground.

WTO sees tech adding one third to annual trade by 2030

Blockchain, artificial intelligence, the internet of things, 3D printing and other breakthroughs would fundamentally change trade, WTO Director-General Roberto Azevedo said.

Qatar launches WTO proceedings against Saudi Arabia over alleged IP violation

Saudi officials were not immediately available to comment. They have previously said that the country is taking action to combat piracy and is committed to protecting intellectual property rights.

WTO, IMF, World Bank seek ‘urgent’ international trade reforms

WTO Director-General Roberto Azevedo warned that a full-blown trade war "would knock around 17% off global trade growth, and 1.9% off GDP growth."