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Latest World Trade Organization Stories

2008-12-02 15:09:20

The head of the World Trade Organization said talks on the cotton market that opened in Geneva Tuesday were a key to promoting development in the Third World. Director General Pascal Lamy told delegates to the United Nations Conference on Trade and Development High Level Multistakeholder Meeting on Cotton that establishing an equitable cotton program has become a litmus test of the commitment to make the WTO Doha Round of global trade negotiations a truly development round. Developing...

2008-11-21 00:22:14

Asian-Pacific ministers, meeting in Lima Peru, said they're ready to meet in Geneva for an early conclusion to the stalled Doha Round of free trade talks. The ministers representing the Asia-Pacific Economic Cooperation forum said in a statement Thursday they "will step up our engagement with our partners as needed to urgently advance the negotiations, including being prepared to participate in a meeting in Geneva'' for an outline del by the end of the year, Kyodo news service reported. ''A...

2008-09-18 12:00:29

MyStarU.com has announced that its subsidiary, Panyu M&M Import Export Company, has increased import of dairy products to China. Panyu's importing product lines have had 110% growth in 2008. Recently, Panyu has been importing dairy products from an exporter in New Zealand. Alan Lun, CEO of MyStarU.com (MYST), said: "Panyu is taking full advantage of the domestic market in China - MYST's trading segment is to develop consumer products, especially food, with its relating products...

2008-09-16 03:00:20

By Zermeno, Sergio THE EUROPEAN UNION HAS STEADFASTLY opposed agricultural trade liberalization, as proposed by the United States, with arguments in favor of food security and employment.1 And it makes sense that the old continent, which is home, in proportional terms, to five times as many farmers as the United States, sees no incentive in opening its market to cheap, heavily subsidized U.S. food and having to pay even greater subsidies than it already does to protect its own important...

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...


Word of the Day
omadhaun
  • A fool; a simpleton: a term of abuse common in Ireland and to a less extent in the Gaelic-speaking parts of Scotland.
This word is partly Irish in origin.