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Latest World Trade Organization Stories

2008-09-03 12:00:24

Text of report in English by South Korean news agency Yonhap [Yonhap headline: "S Korea Mulls Retaliatory Steps Against Japan's Chip Duties"] SEOUL, Sept. 3 (Yonhap) - South Korea said Wednesday that it plans to ask the Geneva-based World Trade Organization (WTO) to look into Japan's punitive tariffs on computer memory chips made by Hynix Semiconductor Inc., saying it could take retaliatory measures if necessary. Japan last week said it would reduce its punitive duties imposed on Hynix...

2008-09-01 06:00:25

Hynix Semiconductor expressed disappointment Sunday that Japan decided to maintain punitive tariffs on its computer memory chips, and said it would ask the South Korean government to consider retaliatory measures. Japan said Aug. 22 that, pending cabinet approval, it would reduce its tariff imposed in 2006 on Hynix chips to 9.1 percent from 27.2 percent, after the World Trade Organization ordered that the duty be recalculated by Sept. 1. The Japanese cabinet approved the reduction last...

2008-08-05 09:00:58

Ecuador demands WTO's banana resolution applied by EU QUITO, August 3 (Xinhua) -- Ecuador will demand the application of the World Trade Organization (WTO)'s resolution on the access of banana to the European Union (EU), Ecuadorian commercial negotiator Mentor Villagomez said. "We will continue with legal actions and we hope to exert enough pressure to solve the banana issue," Villagomez told local daily El Comercio on Sunday. Latin American countries and the EU earlier reached a deal...

2008-08-05 09:00:40

Jim Dickrell Perhaps the most under-reported story of the week last week was the collapse of the Doha Round of the World Trade Organization in Geneva. After almost seven years of negotiations, talks fell apart over arcane "safeguards" for advanced developing countries like India and China. If the U.S. and other pro-trade countries would have acquiesced on this point, China might have been free to raise tariffs when it felt threatened. (China has...

2008-07-31 09:00:36

Update: WTO members seek way out of Doha Round impasse GENEVA, July 30 (Xinhua) -- Members of the World Trade Organization (WTO) were in a rush on Wednesday to seek way out of the current impasse of the Doha Round talks after a crucial bid for a breakthrough collapsed. A meeting of all the WTO members was called Wednesday to analyze the consequences and what should be the next steps, at which WTO Director-General Pascal Lamy urged delegates to have a time of reflection instead of making...

2008-07-31 00:00:22

By The Associated Press GENEVA (AP) - After coming tantalizingly close to a historic trade deal, World Trade Organization talks collapsed Tuesday in a dismaying blow to seven years of efforts to open up the global economy. Once promised as a recipe for lifting millions of people out of poverty, the end to nine days of high-level talks left no new trade openings for farmers and manufacturers, no global economic boost and no grand deal for Third World development. It was by all accounts...

2008-07-29 09:00:55

Roundup: Key WTO trade talks clouded by new dispute GENEVA, July 28 (Xinhua) -- A key effort to salvage the Doha Round of global trade talks was clouded by a new dispute on Monday as India had led a call for more protection of farmers in developing countries from surging imports. The India's demand, which dragged the talks into late Sunday, was centered on the so-called special safeguard mechanism (SSM) in the ongoing Doha Round negotiations. The mechanism would allow developing...

2008-07-29 06:00:26

By Stephen Castle As seven years of global trade talks approach another nervy climax, China is emerging as a central player - and coming under heavy criticism from the United States and others for its tough tactics. But no one should be surprised to find the Chinese trade minister, Chen Deming, playing hardball. In 2004 Chen studied at the Kennedy School of Government at Harvard University, and he has said privately that he learned all his negotiating skills in the United States. Now,...

2008-07-28 21:00:31

Text of report in English by Japan's largest news agency Kyodo Geneva, July 29 Kyodo - Ministers of key trading powers will continue talks Tuesday [29 July] under the World Trade Organization, Indian Commerce and Industry Minister Kamal Nath said. The minister made the remarks when he met reporters after seven major trading powers - Australia, Brazil, China, the European Union, India, Japan and the United States - wrapped up their meeting early Tuesday. The prospects for the Doha Round...

2008-07-28 06:00:46

Text of report in English by Japan's largest news agency Kyodo [By Takuya Karube] Geneva, July 28 Kyodo - Japan is considering accepting many of the compromise proposals having been put on the negotiation table at the World Trade Organization for a free trade accord, trade sources said Sunday. Japan is finding it difficult to rebuff the proposed target of 4 per cent each rich country is allowed to designate as sensitive farm products to shield them from steep tariff cuts, the sources...