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Latest World Trade Organization Stories

2006-09-05 22:53:47

BEIJING (Reuters) - WTO chief Pascal Lamy says the political will may exist to revive stalled global trade talks, but negotiations can resume only if countries compromise on the main stumbling block of agriculture, according to remarks published on Wednesday. Lamy, director-general of the World Trade Organization, told the China Daily that he was testing the political waters in the hope of resurrecting the market-opening talks, known as the Doha round, which were suspended in July....

2006-09-05 09:13:05

STRASBOURG, France (Reuters) - European trade chief Peter Mandelson said on Tuesday he would head to Washington later this month as part of attempts to revive the World Trade Organization's Doha round of trade liberalization talks. Mandelson told the European Parliament he would visit Washington "to meet with figures, personalities on (Capitol) Hill" to discuss the round. He did not comment further. Mandelson and other trade ministers from influential WTO countries are due to meet in...

2006-09-01 11:49:19

By Richard Waddington GENEVA (Reuters) - The United States on Friday delayed a World Trade Organization (WTO) probe into whether it has dismantled cotton subsidies ruled illegal by the Geneva-based trade referee. Brazil accuses Washington of failing to abide by a landmark 2004 verdict in which the WTO decreed part of the multi-billion dollar cotton program violated trade rules and demanded sweeping reform. But WTO rules allow members to block an initial request for a probe,...

2006-08-30 13:03:39

By Gilbert Le Gras WASHINGTON (Reuters) - Global trade talks are unlikely to top the agenda at next month's IMF-World Bank meeting, despite a call from Britain's finance minister to make the issue a priority, experts said on Wednesday. British finance minister Gordon Brown, who heads the International Monetary Fund's main policy-steering group, said on Tuesday getting trade liberalization talks back on track should be a focus at next month's annual meeting in Singapore. The agenda...

2006-08-29 04:06:50

By Chris Buckley and Jason Subler BEIJING (Reuters) - The United States is worried that a potential rise in economic nationalism in China could undercut Beijing's promises to the World Trade Organization, the top U.S. trade official said on Tuesday. A chorus of calls by Chinese officials for closer scrutiny of foreign investment, especially into key industries, has prompted concern among foreign businesses that Beijing may backtrack on free market reforms. "We'll be watching for...

2006-08-29 02:22:46

BEIJING (Reuters) - The United States is concerned that a potential rise in economic nationalism in China could undercut Beijing's promises to the World Trade Organization, the top U.S. trade official said on Tuesday. A chorus of calls by Chinese officials for closer scrutiny of foreign investment, especially into key industries, has prompted concern among foreign businesses and officials that Beijing may backtrack on free market reforms. "We'll be watching for substantive...

2006-08-29 01:59:53

By Chris Buckley BEIJING (Reuters) - The United States has asked Beijing to help rescue deadlocked WTO trade talks, the top U.S. trade official said on Tuesday, courting China as a potential ally whose economy has soared due to trade liberalization. U.S. Trade Representative Susan Schwab said in Beijing that she had pressed China to help rescue the Doha round of global trade talks, which was suspended last month after key countries again failed to agree on how to cut tariffs and...

2006-08-28 16:40:39

By Peter Henderson and Matt Daily NEW ORLEANS (Reuters) - A prankster posing as a federal housing official took center stage at a New Orleans event with the city mayor and the governor of Louisiana, controversially promising to throw open closed public housing to thousands of poor former city residents. The stunt, which the U.S. Department of Housing and Urban Development called a "cruel hoax," was the latest by an activist group known as "The Yes Men" who have previously...

2006-08-18 19:05:57

WASHINGTON (Reuters) - The United States hopes it will not have to take legal action to persuade China to fix several trade problems that have strained relations, the top U.S. trade official said on Friday. "Quite frankly, I'd rather not litigate in the World Trade Organization," U.S. Trade Representative Susan Schwab said in an interview taped for C-Span television's "The Newsmakers," which will air on Sunday. "I would rather have China fix the problem whether it's a market access...

2006-08-18 17:55:33

WASHINGTON (Reuters) - The chief U.S. trade negotiator said on Friday it was premature to renew trade legislation that would give countries more time to reach a new world trade deal after the talks collapsed last month. U.S. Trade Representative Susan Schwab, in a taped interview that will air on Sunday on the public affairs network C-Span, also said United States was not backing away from its demand in the talks for deep farm tariff cuts, even though there has been strong resistance...


Word of the Day
cacodemon
  • An evil spirit; a devil.
  • A nightmare.
  • In astrology, the twelfth house of a scheme or figure of the heavens: so called from its signifying dreadful things, such as secret enemies, great losses, imprisonment, etc.
'Cacodemon' comes from a Greek term meaning 'evil genius.'
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