In a significant development, the World Trade Organization found that U.S. trade tariffs on China were in breach of global trading rules. In a statement, the Trump administration said, its more than $200 billion trade tariffs on China was justified… Read More ›
WTO
Negotiations in EU-China investment agreement enters ‘critical stage’: EU’s ambassador to China Nicolas Chapuis
On Friday, a senior EU official stated, following six years of negotiations, EU-China negotiations on investment agreement have entered a “critical stage” and are progressing well. In a news briefing in Beijing, Nicolas Chapuis, EU’s ambassador to China, stated, progress… Read More ›
U.S. President Donald Trump signs U.S.-China Phase 1 trade deal
On Wednesday, U.S. President Donald Trump signed a trade deal with China at a White House event. The U.S.-China trade has been a centerpiece of Trump’s presidency, and the Phase 1 deal ceremony being held at the White House rather… Read More ›
South Korea ready to give up its developing country status at WTO
While this will come into effect during future negotiations, it is to be seen how this will impact its agricultural sector. On Friday, in a statement South Korea’s finance minister stated, given its enhanced economic status, it is ready to… Read More ›
Indonesia to file WTO complaint against EU in November over palm oil
Earlier this year the EU had issued a policy directive, known as RED II, citing excessive deforestation because of cultivation of palm oil. On Friday, Wisnu Wardhana, foreign trade director general at Indonesia’s Trade Ministry stated, the government is aiming… Read More ›
Trump target China’s ‘developing nation’ at the WTO
How can China be a developing nation when its GDP is the second largest in the world ? In a development that will have major repercussions on the Chinese economy, U.S. President Donald Trump has pressed the World Trade Organization… Read More ›
Japan’s tech export curbs violate WTO rules: Seoul
Japan’s move to impose restrictions on tech exports to South Korea, is likely to impact the ability to purchase semiconductor materials, including flexible smartphone displays, by South Korean companies; the move is likely to be a reaction to South Korea’s… Read More ›
Cliffhanger Brexit will have deep impact for select sectors: WTO’s Director-General
The British parliament’s decision on April 12 will be is a milestone that Brexit watchers will be looking at very keenly. According to Roberto Azevedo, Director-General of the World Trade Organisation (WTO), if the United Kingdom were to leave the… Read More ›
New WTO rules unlikely to rein in China: USTR report
Economies across the globe have come to realise that China’s non-market economic policy and trade structures as well as its state-led, mercantilist approach to trade, is skewed and lopsided; it benefits only China, to the detriment of its trading partners…. Read More ›
European Union launches forced technology transfer case against China
The WTO action by the EU, mirrors similar concerns raised by the United States. This is the second such action the European Commission has taken against China at the WTO. On Thursday, for the second time this year, the European… Read More ›