The World Trade Organization (WTO) released a report today with a cautiously optimistic outlook on global trade. While a rebound is expected this year following a 2023 contraction, the WTO warns that geopolitical tensions and policy uncertainty could hinder progress.
The United Arab Emirates (UAE) has reaffirmed its dedication to fostering sustainable and inclusive global trade by contributing $10 million to three essential World Trade Organization (WTO) trust funds.
A report released by the World Trade Organization (WTO) on Monday revealed that world exports of intermediate goods (IGs) experienced a significant year-on-year decline of 8% in the second quarter of 2023, amounting to US$ 2.3 trillion.
On April 11, the United States deposited its instrument of acceptance for the Agreement on Fisheries Subsidies, becoming the fourth member of the World Trade Organization (WTO) to do so.
A report released by World Trade Organization (WTO) on Tuesday showed that trade restrictions are increasing in a context of economic uncertainty exacerbated by the COVID-19 pandemic, the war in Ukraine and the food security crisis. According to the latest WTO Trade Monitoring Report presented at a meeting of the Trade Policy Review Body, WTO […]
The World Trade Organization (WTO) and the International Federation of Association Football (FIFA) agreed to collaborate by exchanging views of their respective activities and preparing common strategies and projects in areas of shared interest. Regarding the WTO’s cotton programme, the WTO and FIFA will explore opportunities to enhance the participation of the “Cotton Four” (C4) […]
KARACHI: World trade is expected to fall by between 13 percent and 32 percent in 2020 as the COVID 19 pandemic disrupts normal economic activity and life around the world, said a statement issued by World Trade Organization (WTO) on Wednesday. The wide range of possibilities for the predicted decline is explained by the unprecedented […]
KARACHI: World Trade Organization (WTO) has said ongoing weakness in world service trade likely to worsen due to economic impact of the COVID-19 virus. “World services trade growth continued to weaken toward the end of 2019 and into the first quarter of 2020,” according to the WTO’s Services Trade Barometer, released on 11 March 2020. […]
KARACHI: The World Trade Organization (WTO) has observed that trade restrictions have increased to historic high levels. The Director-General’s annual overview of trade-related developments discussed on 12 December at a meeting of the Trade Policy Review Body shows that trade restrictions by WTO members continue at historically high levels. Between mid-October 2018 and mid-October 2019, […]
KARACHI: World Trade Organization (WTO) has sharply downgraded the global trade growth forecast for 2019 and 2020. “World merchandise trade volumes are now expected to rise by only 1.2 percent in 2019, substantially slower than the 2.6 percent growth forecast in April,” the WTO said in a press release on Tuesday. The projected increase in […]