Global merchandise trade performed stronger than expected in the first half of 2025, mainly due to booming demand for artificial intelligence (AI) products, early import activity ahead of tariff hikes, and steady trade among emerging economies.
(more…)Tag: WTO
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Canada Challenges US Tariffs, Requests WTO Consultations
Ottawa, March 6, 2025 – Canada has formally requested dispute consultations with the United States at the World Trade Organization (WTO) regarding newly imposed US tariffs on Canadian goods.
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China Files WTO Complaint Against US Tariff Measures
Beijing, February 6, 2025 – China has officially approached the World Trade Organization (WTO) to challenge the latest tariff measures imposed by the United States on goods originating from China.
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WTO, WCO Forge Strategic Partnership to Enhance Global Trade
The World Trade Organization (WTO) and the World Customs Organization (WCO) signed a Memorandum of Understanding (MoU) on January 21, aiming to strengthen cooperation and collaboration on customs-related issues. The signing took place on the sidelines of the World Economic Forum in Davos, with WTO Director-General Ngozi Okonjo-Iweala and WCO Secretary General Ian Saunders formalizing the agreement.
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Kuwait Formally Accepts WTO Agreement on Fisheries Subsidies
Kuwait has officially accepted the World Trade Organization (WTO) Agreement on Fisheries Subsidies, with Kuwait’s Ambassador to the WTO, Nasser Abdullah Al-Hayen, presenting the instrument of acceptance to WTO Director-General Ngozi Okonjo-Iweala on October 22, 2024. This acceptance brings the total number of WTO members that have formally ratified the agreement to 86.
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WTO Warns Geopolitical Tensions Pose Risks to Trade Rebound
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.
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UAE Contributes $10 Million to Support WTO Initiatives
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.
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ACT Initiative: Developing Economies Can Leverage Trade to Meet Climate Goals
The World Trade Organization (WTO), the World Bank Group, and the World Economic Forum (WEF) on April 20, 2023 launched a new initiative called “Action on Climate and Trade” (ACT).
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US accepts agreement on fisheries subsidies: WTO
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.
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