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The Latest Breaking News from WTO

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

Ministry to host Apec trade talks

The Commerce Ministry is set to host Asia-Pacific Economic Cooperation (Apec) trade ministers in Bangkok, with renewed talks on the long-delayed Free Trade Area of the Asia-Pacific (FTAAP) and open economies topping the agenda.

Bangkok Post

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

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Main negotiators reach 'outcome' on COVID vaccine IP waiver

The four main parties to negotiations on an intellectual property waiver for COVID-19 vaccines have prepared an "outcome document" for approval by the broader membership, the WTO said on Tuesday, with its chief hoping for a final deal by June.

Reuters

Hopes rise for Covid vaccine patent waiver after key countries agree on proposal

The proposal, if passed by the full council, could allow other countries to make vaccines without paying pharmaceutical companies

The Guardian - US

Covid vaccine inequity due to ‘racism rooted in slavery and colonialism’

Global failure to redress race-based injustice has led to higher death rates and worsened discrimination, UN says

The Guardian - UK

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

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India's foreign minister says ready to step up on global issues

India is prepared to take a much bigger role in global affairs and would help the world with more supplies of wheat to tame food inflation if WTO rules allow, Foreign Minister Subrahmanyam Jaishankar said on Tuesday.

Reuters

WTO looking to resolve challenges for Indian food exports: Nirmala Sitharaman

India has reached out to over 20 countries regarding exporting wheat, and is targeting a record 15 million tonnes of wheat for export this year.

The Hindu

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

Saudi Call for Financing First International Fund to Support Global Tourism Sector

Saudi Arabia called on donor countries to participate in financing the first international fund dedicated to supporting the tourism sector.

Asharq Al-Awsat

Poorer countries need urgent food help to stop disorder, say global bodies

WTO and World Bank among those saying richer countries must step in to alleviate effects of rising prices and shortages

The Guardian - UK

Ukraine war fears saw surge in British shoppers ‘panic buying’ essentials from toilet roll to dried pasta

It comes as the forecast for global trade growth this year was revised down to 3 per cent from 4.7 per cent today

The Independent UK

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 Hindu

India’s role in a disordered world

New Delhi can play an important role in shaping a new, more democratic, world order

The Hindu

Experts write to PM against WTO proposal on COVID-19 vaccine waivers

“The current version of the text added new burdensome conditions that would impose additional limits on countries using non-voluntary licensing”

ABC News

Barley exporters in need of another beer-making country or two after China trade ban

Two years on from China trade ban, barley exporters are searching for new markets in beer-making countries in a grab for premium prices.

Birmingham Post

North East offshore wind firms back UK Government in EU dispute over 'discriminatory practices'

The EU has brought a case at the World Trade Organisation alleging UK support for green energy projects is unfair and undermines efforts to address the climate crisis

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The Conversation

Indonesia's claim that banning nickel exports spurs downstreaming is questionable

The Indonesian government has claimed that its raw nickel export ban, which started in January 2021, has shown positive impacts after seeing increases in mining investments and exports of nickel-derived products.

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 Independent UK

Brexit: EU launches legal challenge against UK over wind farm subsidies

Not the time to be ‘fighting this out in court’, says Whitehall official

The Hindu

Profit over public health

The draft TRIPS waiver dents the credibility of the WTO

The Guardian - UK

War in Ukraine could lead to food riots in poor countries, warns WTO boss

Exclusive: Ngozi Okonjo-Iweala says impact of conflict on food prices and hunger could be substantial

The Independent UK

Ex-minister joins call to end UK block on drive for poor world access to Covid jabs

Exclusive: Joint letter from 31 parliamentarians warns leaked proposal is not good enough

The Guardian - UK

Cost of living crisis hitting economic outlook as firms hike prices – as it happened

Rolling coverage of the latest economic and financial news

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