World Trade Organization Press Releases

• Published on September 23, 2024 - 15:54 GMT

  Dispute panel established to review certain tax credits under US Inflation Reduction Act

  DS623: United States — Certain Tax Credits Under the Inflation Reduction Act China submitted its second request to establish a panel to determine whether certain tax credits under the United States Inflation Reduction Act (IRA) are in line with WTO rules. …

  Distribution channels: Banking, Finance & Investment Industry
• Published on September 20, 2024 - 17:00 GMT

  WTO advanced course on trade in services concludes in Geneva

  The LDCs participating in the course were Bangladesh, Madagascar, Lao People's Democratic Republic, Nepal, Tanzania, The Gambia and Zambia. The acceding country was Bhutan. The full list of participating economies is available here. Over five days, …

  Distribution channels: Banking, Finance & Investment Industry
• Published on September 20, 2024 - 15:20 GMT

  

  WTO-FIFA “Partenariat pour le Coton” initiative kicks off national consultations in Benin

  The “Partenariat pour le Coton” initiative, launched in February 2024 following the signing of the WTO-FIFA Memorandum of Understanding (MoU) in 2022, brings together public and private sector partners to support the C-4 plus countries in moving up the …

  Distribution channels:
• Published on September 20, 2024 - 15:20 GMT

  

  WTO members seek fresh momentum for agriculture talks

  Summarizing his informal consultations with members last week, the Chair of the negotiations, Ambassador Alparslan Acarsoy of Türkiye, highlighted a recurring emphasis on the need to rebuild trust among members. The Chair highlighted a widespread desire to …

  Distribution channels:
• Published on September 20, 2024 - 15:20 GMT

  

  Canada pledges CAD 250,000 to support food, animal and plant health standards

  WTO Director-General Ngozi Okonjo-Iweala expressed her appreciation for Canada's generosity. "I thank Canada for its longstanding commitment to the STDF. Canada's contribution will allow the STDF to advance agricultural innovation, facilitate …

  Distribution channels:
• Published on September 19, 2024 - 19:44 GMT

  Plastics Pollution Dialogue discusses capacity building, inventories of plastic measures

  Both points discussed at the meeting are critical in tackling the challenges of plastics pollution while ensuring trade remains a solution to this global issue. Capacity building Delegations examined ways to enhance the capacity of developing members to …

  Distribution channels: Banking, Finance & Investment Industry
• Published on September 19, 2024 - 19:44 GMT

  UAE provides first contribution to EIF Interim Facility to enhance LDC trade capacities

  The UAE's contribution – its first to the EIF - will finance initiatives in LDCs aimed at strengthening trade capacities and facilitating these countries' integration into the global trading system. Discussions on establishing a new multilateral …

  Distribution channels: Banking, Finance & Investment Industry
• Published on September 18, 2024 - 18:53 GMT

  WTO members move forward with SPS Agreement Sixth Review

  At a meeting of the SPS Committee, members discussed the revised version of the background document, the draft report of the Sixth Review and the draft recommendations proposed by the WTO Secretariat, based on discussions held between members during the …

  Distribution channels: Banking, Finance & Investment Industry
• Published on September 18, 2024 - 14:01 GMT

  WTO members discuss work programme on e-commerce post MC13 with a focus on development

  Members discussed the proposals submitted by the Least-developed Countries Group in WT/GC/W/905/Rev.1, by the African, Caribbean and Pacific Countries Group in WT/GC/W/916 and by Cambodia in WT/GC/W/900. Members' discussions highlighted the importance …

  Distribution channels: Banking, Finance & Investment Industry
• Published on September 17, 2024 - 13:34 GMT

  

  United Arab Emirates donates USD 1 million to WTO Fish Fund

  DG Okonjo-Iweala said: "The generous contribution from the United Arab Emirates to the WTO Fish Fund is an important step towards supporting sustainable fishing practices globally. It will help fellow WTO members meet their obligations under the …

  Distribution channels: Banking, Finance & Investment Industry
• Published on September 16, 2024 - 17:00 GMT

  Moot Court competition opens with webinar support on offer for participants

  The competition is a simulated hearing under the rules of the WTO dispute settlement mechanism involving exchanges of written submissions and oral pleadings before panelists on international trade law issues. The competition is organized by the European …

  Distribution channels: Banking, Finance & Investment Industry
• Published on September 13, 2024 - 17:34 GMT

  Steel industry execs cite critical role of trade and standards in achieving green goals

  The executives expressed confidence that the steel industry is on the right path towards achieving their carbon reduction goals but underlined the importance of having supportive policies in place, including on trade and on common emissions measurement …

  Distribution channels: Banking, Finance & Investment Industry
• Published on September 13, 2024 - 17:34 GMT

  2024 Public Forum concludes with a focus on the youth perspective

  The panellists discussed the importance of reimagining trade through re-globalization and proposed concrete measures to create a more sustainable and inclusive global economy that can better serve future generations. Lili Vessereau from Harvard University …

  Distribution channels: Banking, Finance & Investment Industry
• Published on September 12, 2024 - 21:47 GMT

  Key role of WTO rules in furthering development objectives in focus at Public Forum

  Nigeria's WTO Ambassador, Laouali Labo, said that Africa could highly benefit from the WTO agreements' special and differential treatment provisions to strengthen its digital trade footprint. Through tailored technical assistance and capacity- …

  Distribution channels: Banking, Finance & Investment Industry
• Published on September 12, 2024 - 17:00 GMT

  

  WTO, World Bank launch Trade in Services for Development Initiative at Public Forum

  Taking part in the launch event were WTO Director-General Ngozi Okonjo-Iweala, Indermit Gill, Chief Economist and Vice President of the World Bank, Johanna Hill, WTO Deputy Director-General, Professor Richard Baldwin from the International Institute for …

  Distribution channels:
• Published on September 12, 2024 - 17:00 GMT

  WTO announces winner of 2024 Essay Award for Young Economists

  Winning essay Carlos Góes's paper examines the mechanisms through which trade integration can lead to product innovation. "I explain how trade can induce countries and firms to introduce new products into the economy, thereby increasing economic …

  Distribution channels: Banking, Finance & Investment Industry
• Published on September 12, 2024 - 17:00 GMT

  DG Okonjo-Iweala discusses trade trends with shipping industry leaders at Public Forum

  The Director-General emphasized the resilience of global trade despite the challenges posed by the COVID-19 pandemic, climate issues, inflation and geopolitical tensions. She acknowledged the industry's efforts to mitigate and navigate unexpected …

  Distribution channels: Banking, Finance & Investment Industry
• Published on September 11, 2024 - 21:21 GMT

  

  Harvard’s Jason Furman urges continued embrace of trade to further reduce global inequality

  Jason Furman, Practice of Economic Policy Professor at Harvard University, emphasized that globalization over the past 25 years has significantly improved human welfare. Despite a global population increase of two billion, more than one billion people have …

  Distribution channels:
• Published on September 11, 2024 - 21:21 GMT

  WTO and ITC commence implementation of fund for women exporters, welcome first grant

  DG Okonjo-Iweala said: "It brings me great joy today to launch the pilot phase of applications for the Women Exporters in the Digital Economy Fund. The WEIDE Fund represents a pivotal step forward in our collective journey towards gender equality in …

  Distribution channels: Banking, Finance & Investment Industry
• Published on September 11, 2024 - 15:36 GMT

  Indonesia launches safeguard investigation on polyethylene

  In the notification Indonesia indicated, among other things, as follows: "POINT OF CONTACT FOR THE INVESTIGATION The contact information of the Investigating Authority for correspondence is: THE INDONESIAN SAFEGUARDS COMMITTEE Komite Pengamanan …

  Distribution channels: Banking, Finance & Investment Industry