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The Latest Breaking News from World Trade Organization

Deglobalization Is Not Inevitable

How the World Trade Organization Can Shore Up the Global Economic Order

Foreign Affairs

COVID-19 Vaccine Patent Waiver Expected Soon, Says WTO Head: Reuters

In a telephone interview with Reuters, WTO's Director-General Ngozi Okonjo-Iweala, an agreement on waiving intellectual property rights for COVID-19 vaccines is within reach. A key World Trade Organization (WTO) meeting is scheduled next week to discuss the COVID-19 vaccine patent waiver debate. "If we get one or two deliverables, that…

Benzinga

COVID vaccine rights waiver within reach, WTO chief says ahead of meeting

An international agreement on waiving intellectual property rights for COVID-19 vaccines is within reach ahead of a global trade meeting next week, the head of the World Trade Organization said on Wednesday.

Reuters

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Law and order in State has collapsed: Goyal

Union Minister for Commerce and Industry Piyush Goyal said there were increasing cases of atrocities against women in Kerala

The Hindu

What could the WTO ministerial conference achieve?

Ministers from across the globe are convening for a conference at the World Trade Organization in Geneva for the first time in more than four years from June 12-15. It comes at a critical juncture for the body and for global trade.

Reuters

WTO seeks fish, vaccine deals as war ignites trade tensions

The World Trade Organization will host ministers from across the globe this month with the aim of striking deals on fish and vaccines, testing the world's ability to set trade rules at a time of mounting tensions.

Reuters

Australia risks relying on Pfizer and Moderna for its COVID vaccines. 3 ways to break free

The rapid development and deployment of COVID vaccines has been one of the greatest achievements of the pandemic.

The Conversation

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WTO meeting on COVID vaccine rights waiver went 'very well' -chair

The first World Trade Organization meeting to discuss a draft agreement to temporarily waive intellectual property rights for COVID-19 vaccines went "very well", its chair said on Friday, although some members voiced reservations.

Reuters

Action urged on export ban

Thailand is joining 53 member countries to propose the World Trade Organization (WTO) address export bans on food and agricultural products after members who are net food importers raised concerns about food shortages based on the pandemic and the Russia-Ukraine war.

Bangkok Post

WTO chief, U.S. trade representative discuss pandemic response

United States Trade Representative Katherine Tai met World Trade Organization Director General Ngozi Okonjo-Iweala on Thursday and discussed about the ongoing talks among WTO Members to reach an outcome on a pandemic response, Tai's office said.

Reuters

World Bank, IMF, WTO leaders urge quick action on action plan to address food security

The leaders of the International Monetary Fund, World Trade Organization and the World Bank on Friday called for quick work on a new action plan on food security to be prepared by international financial institutions.

Reuters

Russia to update its strategy in World Trade Organization amid sanctions, says Putin

Russian President Vladimir Putin said on Wednesday that "illegal" restrictions on Russian companies by Western states ran counter to World Trade Organization rules and told his government to update Russia's strategy in the WTO by June 1.

Reuters

IMF, World Bank, WFP and WTO urge coordinated action on food security

The World Bank, International Monetary Fund, UN World Food Program and World Trade Organization on Wednesday called for urgent, coordinated action on food security, and appealed to countries to avoid banning food or fertilizer exports.

Reuters

WTO: War in Ukraine to curb trade, economic growth this year

The World Trade Organization is predicting that trade in goods will grow much less than previously expected this year, saying prospects for the global economy have darkened since the onset of Russia’s war in Ukraine

The Independent UK

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The Independent UK

Russia war ends era of globalization that kept inflation low

For decades, the free flow of trade across much of the world allowed the richest nations to enjoy easy access to low-priced goods and supplies

Bangkok Post

Food supplies take Ukraine war hit

The war in Ukraine is causing immense, heart-wrenching human suffering. At the World Trade Organization (WTO), an institution based on the rule of law and established to help forge peace, we find the violence abhorrent to our fundamental principles. We echo UN Secretary-General Antonio Guterres's call for the bloodshed to…

The Conversation

Why a leaked WTO 'solution' for a COVID patent waiver is unworkable and won't make enough difference for developing countries

There was a brief moment of euphoria last week, when it seemed that COVID-19 vaccines, medicines and supplies might be liberated from the World Trade Organization’s intellectual property rights straitjacket and a patent waiver would make them available and affordable to the unvaccinated in the global south.

ABC News

World Trade Organization appoints panel to rule on Australia China wine dispute

The world's trade umpire appoints an independent panel to hear Australia's dispute with China over damaging wine tariffs.

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AFP

WTO chief hails Covid vaccines IP compromise

Geneva (AFP) - The World Trade Organization chief on Wednesday hailed a breakthrough between the EU, the United States, India and South Africa on waiving intellectual property rights on Covid-19 vaccines.

Reuters

EU considers suspending equal treatment for Russia at WTO

The European Union said it was looking into suspending 'most-favoured nation' (MFN) treatment for Russia at the World Trade Organization over Moscow's invasion of Ukraine, meaning the bloc would be able to hike tariffs or set quotas on Russian imports.

Bangkok Post

BOI hosts the first APEC IEG meeting of 2022

As part of Thailand’s chairmanship of the APEC meetings in 2022, under the theme “Open. Connect. Balance.”, the Thailand Board of Investment (BOI), as Thailand’s main investment agency, hosted during 14 – 15 February 2022 the first meeting of the year of the APEC Investment Experts’ Group (IEG), which is…

The Independent UK

WTO leader Okonjo-Iweala chosen to address MIT grads

Ngozi Okonjo-Iweala, the first woman and first African to lead the World Trade Organization, has been named the keynote speaker at the Massachusetts Institute of Technology’s commencement

AFP

'No basis': Beijing dismisses US's WTO criticism

Beijing (AFP) - Beijing on Thursday dismissed the United States' assessment of China's World Trade Organization membership, saying its criticism had "no basis in international economic and trade rules".

The Independent UK

US accuses China of backing away from free-trade commitments

The United States has accused China of failing to meet its commitments to the World Trade Organization

AFP

China has expanded statist economic policies over 20 years in WTO: US

Washington (AFP) - China has not adopted the rules of the World Trade Organization even after 20 years' membership, the United States said Wednesday, adding that the world's second-biggest economy had "retained and expanded" its statist approach to the detriment of businesses and workers globally.

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