wto

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Faster trade deal comes into force

The World Trade Organisation’s Trade Facilitation Agreement (TFA) came into force on 22 February after it was ratified by two-thirds of its members. Rwanda, Oman, Chad and Jordan submitted their acceptance, bringing the total number of ratifications over the required two thirds threshold of 110. The agreement aims to speed up movement, release and clearance of goods across borders, and, when fully implemented, could reduce costs of international transactions by an ... [+]
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EU Commissioner pans Trump’s border tax plan

EU trade commissioner Jyrki Katainen said in mid-February that the EU would be prepared to take legal action should the US try to impose a “border tax” against its imports. In an article published in the Financial Times Katainen also warned that such a move trigger expedited action at the ... [+]
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Trade experts see brighter outlook

The World Trade Organisation says that its latest Outlook Indicator (WTOI) suggests that global trade growth will continue to grow moderately in the first quarter of 2017 after strengthening in the final quarter of 2016. The indicator is based on a number of components, including air freight, container shipping, export ... [+]
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Ukraine launches Russia complaint

Ukraine launched a request for consultation at the World Trade Organisation against Russian restrictions on transit traffic on 14 Setpember. The move formally initiates a dispute in the WTO and gives the parties an opportunity to discuss the matter and to find a satisfactory solution without proceeding further with litigation. ... [+]
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New trade deal gives developing countries more markets

The World Trade Organisation signed what it claimed as an “historic” agreement on trade at its Tenth Ministerial Conference in Kenya on 19 December. Central plank of the deal was a commitment to abolish export subsidies by developed countries on agricultural goods, which many argue distort international trade Developed members are ... [+]
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WTO agrees historic trade deal

The World Trade Organization has agreed a potentially revolutionary trade deal at its summit in bali over the weekend of 7-8 December. In what is billted as the first truly global trade deal sice the WTO replaced the GATT (General Agreement on Tariffs and Trade) organisation in the mid 1990s, ... [+]
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Russia to join WTO

The Russian government has formally ratified its accession to the World Trade Organization on 21 July. It clears the way for it to take a seat at the organisation in August. [+]

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