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World Trade Organization

Intergovernmental trade organization

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World Trade Organization: Intergovernmental trade organization
The World Trade Organization (WTO) is an intergovernmental organization that is concerned with the regulation of international trade between nations. The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement, signed by 123 nations on 15 April 1994, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948. It is the largest international economic organization in the world.

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Fish talks: U.S. official says successful talks crucial for WTO

The United States said on Thursday it was pushing hard for the World Trade Organization to reach agreement on cutting fishing subsidies in coming months and viewed those talks as a test of whether the..
Reuters - Published

Brexit: 'Reckless' Boris Johnson puts prospect of no deal back on table

Angry MPs say the move threatens jobs, the environment and the NHS in a cliff-edge crash-out on WTO terms
Independent - Published

Videos for World Trade Organization

Gove: Canada-style FTA would be 'straightforward' for EU [Video]Gove: Canada-style FTA would be 'straightforward' for EU

The Government has published its negotiating mandate for trade talks with the European Union. The guidelines state the UK's intention to rely on World Trade Organisation terms under an arrangement with..

Credit: ODN     Duration: 00:51Published

US targets Airbus as it raises import tariffs on EU aircraft [Video]US targets Airbus as it raises import tariffs on EU aircraft

Tariffs were introduced in October after the WTO ruled that the EU was found to have illegally subsidised Airbus.View on euronews

Credit: euronews (in English)     Duration: 01:00Published

 

WTO chief: 'Months' needed to fix disputes body

The system for resolving world trade disputes grinds to a halt after the US blocks any new WTO judges.
BBC News - Published

U.S. trade offensive takes out WTO as global arbiter

U.S. disruption of the global economic order reaches a major milestone on Tuesday as the World Trade Organization (WTO) loses its ability to intervene in trade wars, threatening the future of the..
Reuters - Published

Trade disputes settlement system facing crisis

The World Trade Organization faces a crisis in its system for resolving disputes between members.
BBC News - Published

EU will act as one over U.S tariffs on France - Commission

The European Union will act as one over planned U.S. tariffs on French goods and believes the World Trade Organization is the best way to settle such disputes, the European Commision said on Tuesday.
Reuters - Published

U.S. says sees no reason to reduce tariffs in EU aircraft subsidy case

The U.S. Trade Representative's office on Monday said it saw no basis in Monday's World Trade Organization report that would justify reducing U.S. retaliatory tariffs by $2 billion as Europe's Airbus..
Reuters - Published

U.S. may increase tariffs after WTO rejects EU claims over Airbus

The World Trade Organization on Monday rejected European Union claims that it no longer provides subsidies to planemaker Airbus , prompting the United States to say it could increase retaliatory..
Reuters - Published

WTO rejects EU bid to stop U.S. tariffs over Airbus

The World Trade Organization on Monday rejected European Union claims that it no longer provides subsidies to planemaker Airbus , underscoring tariffs recently imposed by the United States on European..
Reuters - Published

Australia and others ask for Brexit trade compensation

A number World Trade Organization countries have asked for compensation over Brexit disruption.
BBC News - Published

U.S. disappointed by WTO decision allowing China to slap trade sanctions on U.S. goods

The United States is disappointed by a World Trade Organization (WTO) decision that China may slap compensatory sanctions on U.S. imports worth $3.579 billion annually for the U.S. failure to remove..
Reuters - Published

China asks WTO for $2.4 billion sanctions against U.S. in latest clash

China is seeking $2.4 billion in retaliatory sanctions against the United States for failing to comply with a World Trade Organization ruling in a case that highlights White House complaints about the..
Reuters - Published

Factbox: Planes, cheese, whisky and wine on U.S. tariff target list

The World Trade Organization opened the door on Wednesday for the United States to impose tariffs on $7.5 billion European goods over subsidies for Airbus .
Reuters - Published

WTO meeting to adopt Airbus subsidies decision set for October 14

The World Trade Organization (WTO) will hold a special meeting of its Dispute Settlement Body at the request of the United States on Oct. 14 to adopt its arbitration decision in the Airbus subsidies..
Reuters - Published

U.S. to hit EU with tariffs of 10% on aircraft, 25% on other goods: official

The United States will impose 10% tariffs on aircraft and 25% on other industrial and agricultural products from the European Union as part of a World Trade Organization penalty award in a long-running..
Reuters - Published

Pompeo says U.S. tariffs after WTO ruling could include cheese, wine

U.S. Secretary of State Mike Pompeo said on Wednesday that retaliatory U.S. tariffs following the World Trade Organization ruling over European illegal subsidies for planemaker Airbus could include..
Reuters - Published

U.S. set to quickly widen trade war with EU tariffs after WTO ruling: sources

The United States' top trade body is likely to release a list of European goods subject to new tariffs Wednesday afternoon, after the World Trade Organization's landmark ruling on illegal aircraft..
Reuters - Published

After WTO decision, U.S. fast tracks new EU tariff list

The United States' top trade body is likely to release a list of European goods subject to new tariffs Wednesday afternoon, after the World Trade Organization's landmark ruling on illegal aircraft..
Reuters - Published

U.S. calls for WTO meeting to fast-track tariffs on EU: sources

The United States has moved toward imposing tariffs on European Union goods as soon as mid-month by calling for a fast-track meeting of the World Trade Organization's highest disputes body in..
Reuters - Published

Airbus hits four-month low after WTO ruling; Pernod falls

Airbus shares fell to four-month lows and Pernod Ricard SA extended losses on Wednesday after Washington won approval to impose tariffs on $7.5 billion worth of European goods, opening a new front in..
Reuters - Published

German businesses urge EU to protect them after latest WTO decision

Germany's DIHK chambers of commerce on Wednesday urged the European Union to act strongly in order to protect their interests in a tariff row between the EU and the United States, reacting to the World..
Reuters - Published

Britain says tariffs are no answer to Airbus dispute after WTO ruling

Britain said tariffs were in no-one's interest and should not be applied to the UK after a ruling by the World Trade Organization on Wednesday that the United States could target $7.5 billion of..
Reuters - Published

Airbus reverses losses, Pernod falls further after WTO ruling

Airbus shares reversed losses and drinks maker Pernod Ricard extended losses on Wednesday afternoon after Washington won approval to impose tariffs on $7.5 billion worth of European goods over illegal..
Reuters - Published

France ready to hit back if U.S. sanctions EU imports: minister

France is ready to retaliate if the United States goes ahead with trade sanctions on EU imports, its finance minister said on Wednesday after Washington won WTO backing for the measures.
Reuters - Published

WTO decision will weigh on Airbus, Germany's Merkel says

A decision by the World Trade Organisation (WTO) allowing the United States to target goods imported from the European Union over illegal subsidies to Airbus will weigh on the planemaker, German..
Reuters - Published

Airbus urges talks to settle long-running trade dispute

Airbus on Wednesday urged talks to reduce trade tensions after the World Trade Organization gave the United States approval to impose tariffs on $7.5 billion worth of European goods over illegal EU..
Reuters - Published

WTO awards U.S. right to hit 7.5 billion of EU goods over Airbus subsidies

The World Trade Organization ruled on Wednesday that the United States could target $7.5 billion of imports from the European Union over illegal subsidies for planemaker Airbus.
Reuters - Published

Timeline: Highlights of the 15-year Airbus, Boeing trade war

The World Trade Organization is poised on Wednesday to open the door to hefty U.S. tariffs on European goods over illegal subsidies for Airbus, pushing a 15-year-old row over support for plane giants..
Reuters - Published

Explainer: The jet subsidy row that threatens transatlantic trade war

The United States will learn on Wednesday the annual value of European Union goods it is allowed to target with tariffs as part of a 15-year-old dispute at the World Trade Organization over illegal..
Reuters - Published

US set to impose tariffs on $7.5bn of EU imports in Airbus row

The World Trade Organization has issued its latest ruling in the 15 year dispute over Airbus subsidies.
BBC News - Published

WTO cuts outlook for global trade growth to 1.2%

The World Trade Organization warns the slowdown could hit living standards and jobs around the world.
BBC News - Published

Fed's Bullard: U.S.-China trade relations probably had to come to a head

St. Louis Federal Reserve President James Bullard said on Monday it was probably inevitable that the United States and China would clash on trade, given that China has not lived up to commitments made..
Reuters - Published

Brexit: Senior MP urges foreign secretary to explain 'surprising' claim UK could trade on WTO terms

Foreign secretary asked why UK would want to rely on organisation with 'inherent flaws' that 'even its leader recognises is struggling with legitimacy'
Independent - Published

China lodges tariff case at WTO against the U.S.

China has lodged a complaint against the United States at the World Trade Organization over U.S. import duties, the Chinese Commerce Ministry said on Monday.
Reuters - Published

WTO paves way for China to seek sanctions against U.S.

The World Trade Organization (WTO) on Thursday adopted final findings against U.S. duties imposed on a range of Chinese imports, effectively giving Beijing a green light to seek compensatory sanctions.
Reuters - Published

Kremlin says WTO's existence would be in doubt if U.S., others left

The Kremlin said on Wednesday that the existence of the World Trade Organization (WTO) would be in serious doubt if major economies such as the United States left it, a prospect raised a day earlier by..
Reuters - Published

South Korea fails to drum up support at WTO in row with Japan

South Korea's bid to garner international support in a row with Japan by airing its case at the World Trade Organization brought no visible dividend on Wednesday, as no other countries took the floor..
Reuters - Published

South Korea deputy advisor Kim says Japan's export curbs violate international law

South Korea's Deputy National Security Adviser Kim Hyun-chong said on Friday that Japan has violated the WTO's principle of free trade and international law by imposing unilateral export restrictions..
Reuters - Published

Philip Morris urges Thailand to drop prosecution after WTO's second ruling

Philip Morris urged Thailand to drop criminal charges against its Thai subsidiary on Saturday, after a second World Trade Organization (WTO) ruling that the Asian nation had failed to comply with..
Reuters - Published

What is GATT 24: What is the WTO clause at the centre of Andrew Neil's grilling of Boris Johnson

Johnson, frontrunner in Tory leadership race, admitted he 'did not know' detail of WTO rule he planned to invoke
Independent - Published

Japan denies imposing South Korean trade embargo at WTO

Japan denied imposing a trade embargo on South Korea on Tuesday, after a complicated diplomatic dispute that could disrupt global supplies of chips and smartphones erupted over forced labor in World..
Reuters - Published

South Korea, Japan spar at WTO over trade row

A diplomatic row between Japan and South Korea spilled over into a World Trade Organization meeting on Tuesday, where Seoul's ambassador accused Japan of imposing illegal export controls due to a..
Reuters - Published

Japan not thinking of scrapping South Korea export curbs: Seko

Industry minister Hiroshige Seko said on Tuesday that Japan was "not thinking at all" of withdrawing restrictions on Japanese high-tech exports to South Korea and that the curbs did not violate World..
Reuters - Published

Boris Johnson's Brexit plan for businesses dismissed by head of WTO

Tory leadership hopeful is wrong to suggest UK could have tariff-free trade with the EU following a no-deal Brexit, says international body's chief
Independent - Published

G20 heads to stop short of denouncing protectionism in communique: Nikkei

Group of 20 leaders will agree to accelerate World Trade Organization (WTO) reforms but stop short of calling for the need to resist protectionism in a communique to be issued on Saturday, the Nikkei..
Reuters - Published

G20 heads struggle to narrow differences beyond their concern on global growth

Many leaders of the world's top 20 economies on Friday voiced concern over trade tensions and the risk they pose to global growth, but were at loggerheads on key issues such as World Trade Organization..
Reuters - Published

Russian official: G20 disagreements focus at WTO reform, climate change

Work on the final G20 documents is not going easy, the group's Russia sherpa Svetlana Lukash said on Friday, naming World Trade Organisation reform, information security, climate change and migration..
Reuters - Published

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