Thursday 28 March 2024
 
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World Trade Organisation

Global trade growth likely to stay strong at 4.4pc: WTO

Global trade is expected to remain strong, with the merchandise trade volume growing 4.4 per cent in 2018 and 4.0 per cent in 2019, said Roberto Azevedo, director-general of the World Trade Organisation (WTO). The continued expans

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WTO sees sluggish world trade growth in Q3

The World Trade Organization (WTO) on Friday forecast sluggish trade growth in the third quarter of 2016 as it published a quarterly trade barometer for the first time. The World Trade Organization Index (WTOI) showed a current re

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$3.6trn boost to trade from deal to cut red tape: WTO

The benefits of a treaty that will cut red tape at borders and standardise customs procedures are much larger than previously thought and could add $3.6 trillion to annual global exports, the World Trade Organization (WTO) said in a report on Mo

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WTO agrees to cut tariff on more IT products

World trade negotiators seeking to eliminate tariffs on IT products agreed over the weekend to expand the list on which tariffs would be dropped to about 200 products with an annual trade value of some $1 trillion.   World tra

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Big powers in green goods trade vow

The world's biggest trading powers committed yesterday to achieving global free trade in environmental goods, though they gave no timeline for a deal they said would boost the fight against climate change. A joint statement by

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Focus on exporting local goods says WTO boss

The lack of capacity to export locally produced goods and materials is an imperative concern that needs to be addressed to promote trade in the Arab region, said the director general of the World Trade Organisation. Pascal Lamy outlined st

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World trade talks make little progress

The World Trade Organisation closed its biennial ministerial conference on Saturday with its chairman citing an improved atmosphere in the 153-member club but no concrete moves forward on the Doha round of world trade talks.    

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Arabian travel show space sells fast

Arabian Travel Market 2012, which is to take place at the Dubai International Convention and Exhibition Centre from April 30 to May 3, 2012, has witnessed a surge in enquiries which has culminated in almost 59 percent of exhibition space being sol

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Australia smoking law bans brand labels

Tough anti-smoking laws banning brand labels passed their last major legislative hurdle in Australia on Thursday and immediately faced the threat of court action from tobacco companies worried the move could spread and hurt sales elsewhere. 

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Scrap biofuel support to curb food costs: WTO

Governments should scrap policies to support biofuels because they are forcing up global food prices, according to a report by 10 international agencies including the World Bank and World Trade Organization. The report adds to growing oppo

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