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Tag Archives: WTO

Liam Fox is still running for the WTO chief as the race narrows

Image rights PA Media Former minister and leading Brexiteer Liam Fox remains in the running to become the new head of the World Trade Organization. Three other candidates were excluded from the competition after not receiving enough votes. This means that five candidates remain in the running for the next general manager. Mr Fox would be the first British head …

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Roberto Azevêdo resigns world news a year earlier as WTO chief

The head of the World Trade Organization has announced that he will quit more than a year before the end of his term, threatening to dismantle trade barriers and forge stronger global cooperation after the coronavirus pandemic. Roberto Azevêdo will be leaving in August. The 62-year-old Brazilian has been General Manager since September 2013 and his second term of four …

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China could impose annual trade sanctions on the WTO Panel of $ 3.58 billion

FILE Photo: US and Chinese flags are on display before Secretary of Defense James Mattis greets Chinese Defense Minister General Wei Fenghe at the Pentagon in Arlington, Virginia. 9 November 2018. REUTERS / Yuri Gripas GENEVA (Reuters) – A World Trade Organization (WTO) panel said Friday that China is entitled to US $ 3.579 billion in compensatory sanctions per year …

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The WTO officially supports US tariffs on EU goods

GENEVA – The United States has taken the final procedural hurdle to raise $ 10 billion in tariffs on European products at a meeting of the World Trade Organization (WTO) governing body this Monday. The administration of President Donald Trump no longer has legal obstacles to their already-planned sanctions on European goods, which could come into effect on Friday after …

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Trump denounces China and the WTO

WASHINGTON – President Trump stepped up his attacks on China and the world trade system and threatened on Friday that the US unilaterally revoke the special rules that are granted worldwide to developing-country countries. On the eve of a new round of trade talks between the US and China in Shanghai, Beijing appears to be under pressure to take new …

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China accuses US of a 'blatant breach' of trade policy in WTO meeting

Kevin Lemarque | Reuters Chinese President Xi Jinping and members of Chinese delegation attend a working dinner with U.S. President Donald Trump returns to the G20 leaders summit in Buenos Aires, Argentina December 1, 2018. Chinese representatives met with the World Trade Organization (WTO) on Monday to begin the process of challenging challenging United States tariffs on China's exports, Reuters …

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China brings wage dispute in the US in the WTO, Washington criticized that it has blocked judges

GENEVA (Reuters) – China launched the legal process for the World Trade Organization on Monday to hear Beijing's claim against US tariffs imposed on goods worth $ 234 billion. FILE PHOTO: A logo is displayed in front of the World Trade Organization (WTO) headquarters next to a red traffic light in Geneva (Switzerland, 2 October 2018). REUTERS / Denis Balibouse …

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Strong trade restrictions trigger "serious concern": WTO

Geneva (AFP) – The world's largest economies have imposed trade restrictions on almost half a trillion dollars of trade over the past six months, the World Trade Organization said Thursday, raising "serious concern". Forty New Imports Between mid-May and mid-October this year, barriers were set up by the G20 – six times more than in the previous six months – …

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The WTO says the G20's trade restrictions increase to $ 481 billion

GENEVA (Reuters) – Countries belonging to the G20 group of the world's largest economies have applied 40 new trade restrictive measures between mid-May and mid-October, covering approximately $ 481 billion in trade. The new restrictions involved six times more trade than in the previous period and were the largest since the WTO began monitoring G20 trade in 2012, a statement …

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