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.
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).
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: 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 […]
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. […]