World Trade Organization Press Releases - EIN Presswire - Press Release Distribution Service

Published on October 11, 2024 - 13:38 GMT

China initiates dispute complaint against Türkiye regarding measures on vehicle imports

China claims the measures at issue — which include additional duties on EVs, import certificate requirement, and additional duties on other types of vehicles and investment certificate exemptions — appear to be inconsistent with various provisions of the …

Distribution channels: Banking, Finance & Investment Industry

Published on October 11, 2024 - 13:38 GMT

Lithuania gives EUR 20,000 to help developing economies and LDCs improve trade skills

The Global Trust Fund finances around 280 activities a year, mostly tailor-made training activities delivered at national and regional level, covering various trade-related areas including agriculture, services and trade facilitation. Close to 2,800 …

Distribution channels: Banking, Finance & Investment Industry

Published on October 11, 2024 - 13:38 GMT

Gradual trade recovery underway despite regional conflicts, policy uncertainty

The October update of the WTO’s Global Trade Outlook and Statistics largely reaffirms the April forecast, pointing to a gradual recovery in merchandise trade despite widening regional conflicts and increasing policy uncertainty. However, at the regional …

Distribution channels: Banking, Finance & Investment Industry

Published on October 10, 2024 - 20:46 GMT

DG Okonjo-Iweala welcomes “meeting of minds” on moving farm trade talks forward

The Director-General said she detected a “meeting of minds” on an initiative from the Chair of the agriculture negotiations, Ambassador Alparslan Acarsoy of Türkiye, outlining two options for advancing the negotiations. “I sense that there's a …

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Published on October 10, 2024 - 15:18 GMT

Global goods trade on track for gradual recovery despite lingering downside risks

In the October 2024 update of “Global Trade Outlook and Statistics,” WTO economists note that global merchandise trade turned upwards in the first half of 2024 with a 2.3% year-on-year increase, which should be followed by further moderate expansion in …

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Published on October 9, 2024 - 21:02 GMT

DDG Ellard urges swift action on fisheries subsidies to aid Pacific sustainability goals

Thank you, and good afternoon, distinguished excellencies and to all. I appreciate the invitation to engage with you on the pressing environmental challenges confronting the Pacific region, and how a multilateral approach can help tackle those challenges …

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Published on October 9, 2024 - 21:02 GMT

US gives USD 600,000 to strengthen trade expertise in developing economies and LDCs

This new contribution will support developing economies and LDCs in deepening their understanding of WTO agreements and strengthening their ability to engage in trade negotiations at the WTO. The United States Ambassador to the WTO, María Pagán, said: …

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Published on October 9, 2024 - 21:02 GMT

Ecuador formally accepts Agreement on Fisheries Subsidies

Director-General Okonjo-Iweala said: “I warmly welcome Ecuador's formal acceptance of the Agreement on Fisheries Subsidies. As one of the largest tuna exporters in the world and the proud steward of the Galapagos islands, Ecuador stands to gain …

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Published on October 9, 2024 - 21:02 GMT

WTO Fish Fund Steering Committee meeting focuses on preparing for full operations

The meeting brought together key stakeholders working for the operationalization of the Fish Fund in support of developing and least-developed country (LDC) members' implementation of the Agreement on Fisheries Subsidies. "Last time we gathered in …

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Published on October 9, 2024 - 17:00 GMT

WTO Agreement on Government Procurement, an inspiration for the WTO as a whole — DG

The panels brought together key negotiators of the Agreement on Government Procurement (GPA), representatives from current GPA parties and external stakeholders, who highlighted the key role the Agreement plays in broadening international market access for …

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Published on October 9, 2024 - 17:00 GMT

DDG Hill highlights benefits of re-globalization for resilient, inclusive global economy

DDG Hill noted that current supply chain shifts are driven by risk management, cost factors and emerging technologies. Recent crises — including the COVID-19 pandemic, geopolitical tensions and extreme weather — have exposed vulnerabilities in traditional …

Distribution channels: Banking, Finance & Investment Industry

Published on October 8, 2024 - 19:18 GMT

WTO members discuss legal and regulatory issues under work programme on e-commerce

Members shared their national experiences in creating a regulatory environment for digital trade and noted the need to continue to take stock of experiences in the form of dedicated discussions and workshops. Members also noted the need for the WTO to use …

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Published on October 8, 2024 - 13:35 GMT

WTO initiates selection process for next Director-General

The process will be led by Ambassador Petter Ølberg of Norway, the Chair of the General Council, in accordance with the WTO’s “Procedures for the Appointment of Directors-General” (WT/L/509). Ambassador Ølberg issued a statement on 4 October, indicating …

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Published on October 8, 2024 - 13:35 GMT

WTO Chairs Programme expands academic network to under-represented regions

Following the addition of these five universities, the programme's network will comprise a total of 40 Chairs. This expansion is anticipated to strengthen the impact of regional and global initiatives within the network and to promote deeper …

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Published on October 7, 2024 - 19:37 GMT

DG Okonjo-Iweala on World Cotton Day: Efforts yielding results, maintain momentum

Held on African soil for the first time, this year’s World Cotton Day showcased Benin’s economic successes under the leadership of President Guillaume Athanase Talon, said Director-General Okonjo-Iweala. She praised Benin for its strong economic …

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Published on October 7, 2024 - 17:00 GMT

DDG Ellard: Effective trade policies essential for clean energy transition

DDG Ellard noted that trade policies can help lower clean energy costs, decarbonize supply chains, harmonize standards, redirect subsidies toward sustainability, and create new economic opportunities in emerging low-carbon markets, ultimately fostering …

Distribution channels: Banking, Finance & Investment Industry

Published on October 3, 2024 - 17:10 GMT

DDG Ellard emphasizes vital role of parliaments, provides update on WTO priorities

DDG Ellard acknowledged the crucial role that parliaments play as the key link between international institutions and the public. She emphasized that parliamentary engagement on WTO issues is essential for ensuring that the Organization's work is …

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Published on October 3, 2024 - 17:10 GMT

Members underline need for services trade to be inclusive

Follow-up to outcomes of ministerial conferences At the 13th Ministerial Conference (MC13) held in February 2024, ministers stressed that services generate more than two-thirds of global economic output and account for over half of all jobs. They also …

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Published on October 2, 2024 - 16:30 GMT

DG discusses strategies for navigating new environmental regulations with industry leaders

The Director-General highlighted a marked increase in environment-related measures, noting that 8,661 environment-related notifications have been submitted to various WTO committees since 1997. She acknowledged the importance of robust environmental …

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Published on October 2, 2024 - 16:30 GMT

DDG Ellard spotlights role of the WTO, current priorities

DDG Ellard began by discussing the WTO's main functions: negotiations, trade monitoring, and dispute settlement. She also highlighted the importance of the technical assistance provided to developing members and least-developed country (LDC) members. …

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