Oct 22

World

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.

by Mrs. Anjum Shahnawaz

Apr 11

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.

by Faisal Shahnawaz

Feb 24

World

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.

by Mrs. Anjum Shahnawaz

Nov 20

World

World Exports of Intermediate Goods Fall by 8% in Second Quarter of 2023, Says WTO

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.

by Mrs. Anjum Shahnawaz

Apr 21

World

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).

by Hamza Shahnawaz

Apr 12

World

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.

by Hamza Shahnawaz

Dec 6

World

Global trade restrictions rising amid economic uncertainty, Ukraine War: WTO

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 […]

by Mrs. Anjum Shahnawaz

WTO, FIFA sign MoU for economic, social development

Sep 28

Sports, World

WTO, FIFA sign MoU for economic, social development

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) […]

by Faisal Shahnawaz

Apr 24

World

IMF, WTO call for lifting restriction on medical supplies

KARACHI: Kristalina Georgieva, Manaing Director, International Monetary Fund (IMF) and Roberto Azevêdo, Director General, World Trade Organization on Friday jointly called for governments to refrain from imposing export and other trade restrictions on key medical supplies and food and to quickly lift those put in place since the start of the year. Statements issued by […]

by Mrs. Anjum Shahnawaz

Apr 9

World

Global trade may fall up to 32 percent on COVID-19 disruption: WTO

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 […]

by Mrs. Anjum Shahnawaz