UK submits post-Brexit trade plan to WTO

The UK has formally submitted its draft schedule to the World Trade Organisation (WTO) outlining its trade in goods commitments after it leaves the European Union. It replicates the concessions and commitments currently applicable to the UK as an EU member. WTO members now have a three-month period to review it. [+]

Trump tariffs spark trade war fears

World leaders reacted with alarm on 1 March after US President Trump announced import tariffs on imported steel and aluminium – prompting fears that a wider trade war could break out. Trump said he would use US national security legislation to introduce the duties. European Commission president Jean-Claude Juncker warned however that ... [+]

Rapid progress for global trade deal, says WTO

One year on since its entry into force, the Trade Facilitation Agreement (TFA) had made significant strides, said World Trade Organisation (WTO) director-general Roberto Azevêdo. He said that the deal, which seeks to expedite the movement, release and clearance of goods across borders, had been 100% implemented by developed country ... [+]

Qatar ‘files WTO complaint’

Qatar was reported on 31 July to have filed an official complaint with the World Trade Organization (WTO) to challenge a trade boycott by Saudi Arabia, Bahrain and United Arab Emirates imposed over alleged support for terrorism. It would be the first step in the WTO's dispute process and, following ... [+]

First meeting for faster trade group

The World Trade Organisation held the inaugural meeting of its Committee on Trade Facilitation, the body responsible for overseeing implementation of the WTO’s Trade Facilitation Agreement TFA), on 16 May. TFA, which came into force on 22 February, aims to speed up movement, release and clearance of goods across borders, ... [+]

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 ... [+]

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 ... [+]

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 ... [+]

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. ... [+]

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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