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The Latest Breaking News from WTO

World Trade Organisation head says Australia should focus more on green hydrogen, less on coal

The head of the World Trade Organisation says Australia should aim to reduce its reliance on coal exports and instead focus on green hydrogen.

ABC News

Time to act on conflict's impact

It is now nearly nine months since Russia invaded Ukraine. A war that should never have happened, and which Moscow hoped would be over in a matter of days, threatens to drag on endlessly. Estimates of military and civilian deaths vary wildly but are in the tens of thousands on…

Bangkok Post

At the most challenging G20 in history, can Indonesia run a successful summit?

Indonesia is holding the G20 Summit in Bali on November 15-16. Heads of states from the world’s largest economies are attending – although Russian President Vladimir Putin has decided not to attend in-person.

The Conversation

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Australia hopes meeting between Anthony Albanese and Xi Jinping could free up ‘current trading blockages’ with China

Trade minister Don Farrell says Australia is ‘open to discussing possible off-ramps that result in a mutually agreed solution’

The Guardian - AU

COP27: WTO chief seeks to revive green trade talks

The head of the World Trade Organization aims to revive negotiations on a global environmental trade deal, she told Reuters, as part of efforts to give the trade watchdog a bigger role in tackling climate change.

Reuters

Fixing insecurity in the food trade

Between rising hunger and the prospect of still more supply shortages, dark clouds are hovering over the global food system. Not only has the war in Ukraine limited access to, and raised prices for, food, and fertiliser, but extreme weather events are disrupting production, and economic downturns have diminished people's…

Bangkok Post

World Cotton Day 2022: Time To Appreciate The Significance Of Cotton

One of the most widely used plant products globally is cotton, specifically cotton fibre and cottonseed. Read more on Dynamite News:

Dynamite News

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US Covid recovery in ‘jeopardy’ unless poorer countries helped, group warns

Congressional group writes letter urging Biden to extend WTO agreement aimed at easing generic vaccine exports

The Guardian - US

WTO warns 'darkened' trade outlook could deteriorate further

The World Trade Organization forecast a slowdown of global trade growth next year as sharply higher energy and food prices and rising interest rates curb import demand, and warned of a possible contraction if the war in Ukraine worsens.

Reuters

WTO predicts trade growth to slow next year amid crises

The World Trade Organization is predicting global trade volumes to grow a lackluster 1% next year as higher energy prices, rising interest rates and uncertainties about Chinese manufacturing output amid the lingering COVID-19 pandemic weigh on markets

The Independent UK

Costa Rica to suspend tariff benefits for Panamanian products amid trade dispute

Costa Rica will suspend tariff benefits for Panamanian products, the country's foreign trade ministry said on Thursday, marking another step in a trade dispute that started in 2020 and is the subject of a World Trade Organization (WTO) lawsuit.

Reuters

Africa risks losing out on trade as rich countries cement relationships with trusted partners

Over the past few years, the world’s supply chains have been strained and disrupted by the COVID pandemic, Russia’s invasion of Ukraine, and rising geopolitical tensions. These started with the US-China trade war and then intensified following the war in Ukraine.

The Conversation

WTO chief: World economy edging into recession

The head of the World Trade Organization (WTO) added her voice to a growing chorus of observers who see the global economy headed into a recession.

Bangkok Post

WTO can reach deals on 'difficult' topics by early 2024 - WTO chief

The head of the World Trade Organization said on Tuesday the 164-member body can negotiate more ambitious deals, such as on agriculture, climate change and internal reform by its next major meeting, after concluding a series of trade deals in June.

Reuters

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The Hindu

India discusses cooperation among IBSA countries in various multilateral fora, including UN, WTO and G20

The IBSA has emerged as a key tripartite grouping for the promotion of cooperation in a range of areas.

The Hindu

India defends its decision to ban rice, wheat exports at WTO

At a meeting in Geneva, the U.S. and the European Union raised questions over India’s decision to ban export of wheat and rice, stating it could have adverse implications on global markets

The Conversation

WTO head Ngozi Okonjo-Iweala: how trade can help beat inequality

In a recent study South Africa was identified as ranking first of 164 countries in the World Bank’s global poverty database. Underlying this inequality is its very high rates of unemployment. Professor Dori Posel spoke to World Trade Organisation (WTO) Director General Dr Ngozi Okonjo-Iweala about why trade is important…

Tribune News Service

EV tax credit may be out of reach for most consumers

WASHINGTON — While the climate, health care and tax law includes an overhaul for the electric-vehicle tax credit, allies and industry representatives have expressed concern that the statute may ultimately benefit too few consumers.

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Roll Call

EV tax credit may be out of reach for most consumers - Roll Call

The overhaul by Congress for the electric-vehicle tax credit may ultimately benefit too few consumers, allies and others say.

The Independent UK

New electric vehicle tax credits raise talk of trade war

A new tax credit for U.S. buyers of qualifying electric vehicles made in North America in the Inflation Reduction Act has prompted unfair trade practice allegations overseas

The Independent UK

EU says US electric vehicle tax credit could break WTO rules

The European Union says a new U.S. tax credit plan aimed at encouraging Americans to buy electric vehicles could discriminate against European producers and break world trade rules

Reuters

S.Africa negotiates deal with EU to clear citrus blockage at ports

South Africa has negotiated a settlement with the European Union to clear hundreds of shipping containers of citrus fruit stuck in EU ports, the South African government said on Thursday.

The Hindu

India’s ‘wheat waiver’ WTO demand is risk-fraught

Such a stand will dilute its core agenda of pushing for a permanent solution to public stockholding for food security

Reuters

South Africa lodges WTO complaint against EU over citrus fruit rules

South Africa has launched a WTO dispute complaint against the European Union concerning measures imposed by the bloc on South African citrus fruit imports, a WTO spokesperson said.

Bangkok Post

World in crisis needs trade, aid

We are in the toughest period the world economy has faced since the creation of the multilateral system more than three-quarters of a century ago. A quadruple shock of Covid, climate change, conflict and cost-of-living has undone years of hard-fought development gains. As financial conditions tighten, even countries that had…

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