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Latest World Trade Organization Stories

2009-03-24 09:55:44

South Korea and the European Union Tuesday agreed to a tentative trade deal that would erase most tariffs between the countries within five years. Just as many nations are passing protectionist measures directly with tariffs or indirectly with domestic subsidies, South Korean and Europe are near completion of a two-year negotiating effort, The New York Times said Tuesday. Trade officials warned that a few disagreements need to be overcome before trade ministers can sign the agreement, which...

2009-03-24 08:03:13

The volume of world trade will likely fall 9 percent in 2009, the largest contraction in more than 50 years, the World Trade Organization said. In a report due Wednesday, the WTO predicted German exports could fall 10 percent this year, the EU Observer reported Tuesday. WTO Director General Pascal Lamy said world leaders meeting April 2 in Britain for the Group of 20 summit will have a unique opportunity to unite in moving from pledges to action and refrain from any further protectionist...

2009-03-19 10:08:25

Fewer trips into and out of Canada were made in January than a month prior, the federal Statistics Canada agency reported from Ottawa Thursday. Travel out by Canadian residents totaled 3.8 million, a 2.4 percent decline over December. Of those trips, 690,000 were to overseas countries, the report said. Canadians took 1.7 million same-day car trips to the United States, down 0.8 percent, while the overall number of overnight U.S. trips fell 1.9 percent to 1.4 million, StatsCan said. There were...

2009-03-13 13:31:19

China said it may take retaliatory measures against the United States for a ban on Chinese poultry products passed by the U.S. Senate Thursday. The ban is part of the Omnibus Appropriation Act of 2009, which includes a provision that bars funding for establishing or implementing a rule that allows poultry imports from China. A Chinese deputy representative to the World Trade Organization, Zhang Xiangchen, criticized the measure, calling it a perfect example for (WTO) training classes, the...

2009-02-04 20:53:31

A proposed Buy American component in the U.S. economic stimulus plan would violate principles of the World Trade Organization, Japan's prime minister said. The Financial Times reported Wednesday that there is a proposed requirement in the stimulus bill for U.S. companies to use domestic steel and manufacturing products in infrastructure projects funded by the stimulus. Prime Minister Taro Aso said at the World Economic Forum in Davos last week there was widespread feeling that talk of Buy...

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2009-01-27 11:38:48

After losing a World Trade Organization case with the United States over protection and enforcement of copyrights and trademarks, China pledged on Tuesday to cooperate with other countries to secure the requirement of intellectual property rights. Acting U.S. Trade Representative Peter Allgeier noted that a WTO panel found that a number of deficiencies in China's IPR (Intellectual Property Rights) regime are incompatible with its WTO obligations, Reuters reported. "We will engage vigorously...

2009-01-22 13:03:37

The head of the World Trade Organization warned the global financial downturn was throwing economies in the Third World into potentially dangerous disarray. Director-General Pascal Lamy told an audience in London Thursday many developing nations depended on demand for exports of raw materials and agricultural goods, which has been drying up in recent months. Add to this the fact that the crisis is also impacting negatively on external sources of funds, such as foreign direct investment or...

2009-01-20 18:47:40

The World Trade Organization said Tuesday it would rule on a case brought by China against the United States concerning punitive import duties. The United States has imposed anti-dumping and anti-subsidy duties on two types of steel pipes, pneumatic tires and woven sacks, the Financial Times reported Tuesday. Dumping is the practice of selling products abroad at prices lower than the products fetch in the producer country. China is concerned with the U.S. practice of investigating unfair...

2009-01-05 08:00:00

HONG KONG, Jan. 5 /PRNewswire-Asia-FirstCall/ -- VODONE Limited ("VODONE" or the "Group") (SEHK code: 0082), a leading online media services provider with the leasehold of a complete set of internet business and internet video broadcasting licenses in China, is pleased to announce that the chairman of the board of directors of the Group and the director of China APEC (Asia Pacific Economic Conference) Development Council, Dr Zhang Lijun, has been appointed as the vice president and the...

2008-12-29 10:00:00

Pledges Support for Obama Administration to Strengthen Trade Remedies PITTSBURGH, Dec. 29 /PRNewswire-USNewswire/ -- Leo W. Gerard, President of the United Steelworkers (USW), today issued a statement and release of a letter calling on the Bush administration's top negotiators in the Doha Round of the World Trade Organization (WTO) to again reject the latest draft rules that would weaken workers' defense against predatory trade practices by undermining U.S. trade laws on illegal dumping and...


Word of the Day
ambsace
  • Bad luck; misfortune.
  • The smallest amount possible or the most worthless thing.
The word 'ambsace' comes from a Latin word meaning 'both'.