Page 11 - Global Trade

Misreading China's WTO record hurts trade

China's WTO compliance record, while imperfect, is broadly comparable to that of other member countries

Reforming global trade rules is tough but doable, says WTO chief

GENEVA (Reuters) -The head of the World Trade Organization stressed the importance of reforming the global trade body to prevent further trade wars but warned it would be "very tough" amid high geopolitical tensions.

Latest threat in supply chain nightmares is the storm season at sea

Ships waiting to use the Port of Los Angeles hit 14 days at anchorage this week, about the same amount of time it takes to cross the Pacific, according to port data

Stock investors fret supply chain woes could knock earnings

Few expect the supply snarls to end this year as an energy crisis stokes inflation fears. Caution abounds in the semiconductor, retail and raw material space.

India's exports likely to get a boost as WTO raises trade outlook

Exports from India have been rising consistently over the last few quarters

As trade pick up, exporters worried about competitiveness challenge: Survey

As global trade picks up pace after the ravages of the pandemic, an industry lobby's survey has found that an overwhelming number of exporters are worried about competitiveness

WTO hikes trade forecasts but cautions on Covid-19 pandemic risk

The WTO said on Monday it expected merchandise trade would grow this year by 10.8% after a fall of 5.3% in 2020. In March, it had forecast 2021 growth of 8.0%

Different rules across nations hurting business travel - Today's Special

Many countries are adopting different sets of rules to allow foreigners to enter their territory. This hurts business prospects at a time when all are looking for stronger and faster economic recover

Global merchandise trade continues robust recovery from pandemic shock: WTO

The global merchandise trade is continuing its robust recovery from the shock of the Covid-19 pandemic, according to the WTO's Goods Trade Barometer, which hit a record high in its latest reading

China says US measures on import from Xinjiang threaten global trade

China's government rejected US accusations of forced labour in Xinjiang, accusing it of hurting global trade after US lawmakers endorsed import curbs and warned American companies of legal risks

Indo-Pacific new economic centre of gravity of globalised world: Goyal

Piyush Goyal invited the business community to actively take part in efforts for bolstering development, trade and growth in the region

China's worse-than-Suez ship congestion set to widen global trade chaos

Yantian Port says it will be back to normal by the end of June, but it may take months for the cargo backlog in southern China to clear while the fallout ripples worldwide.

Opportunities galore in the east

A deeper integration with east Asian economies could be integral to India's economic recovery in the pandemic

World runs out of everything as a manufacturing drill 'goes too far'

Just In Time manufacturing delivers supplies to factories right as they are required, minimising the need to stockpile them

Global trade rebounds in Q1 of 2021 on Asian exports, pandemic demand

Global trade enjoyed a record rebound in the first quarter of 2021, according to UN estimates, growing 10 per cent year-on-year largely on the back of booming exports from East Asia

India's Covid crisis hits work at ports as risk to global trade grows

The situation may echo global trade disruptions seen last year after virus restrictions slowed shipments into China

Explainer: Covid-19 vaccine patents dominate global trade talks

WTO members will assess on Wednesday signs of progress in talks on a proposal by South Africa and India to waive patent rights on Covid-19 vaccines in order to boost supply to developing countries

Export outlook might remain robust despite second coronavirus wave

According to preliminary data released by the ministry of commerce and industry, India's merchandise exports nearly trebled in April to $30.21 billion as compared to last year

Amid Covid-19 pandemic, exports could come as a saviour for India

The global trading environment is very encouraging, as developed countries have increased the pace of vaccination and are reporting lesser numbers of infections

Egypt seeks settlement out of court for Suez Canal blockage

The Suez Canal chief said Tuesday that authorities are negotiating a financial settlement with the owners of a massive vessel that blocked the crucial waterway for nearly a week. Lt. Gen. Osama Rabie told The Associated Press he hoped talks with Shoei Kisen Kaisha Ltd., the Japanese owner of the skyscraper-sized Ever Given, will conclude without a lawsuit. We are discussing with them a peaceful resolution to the matter without resorting to the judiciary, he said. He maintained that bringing the case before a court would be more harmful to the firm than settling with the canal's management. The canal chief said last week the Suez Canal Authority was expecting more than $1 billion in compensation, warning the ship would not be allowed to leave the canal if the issue of damages turns into a legal dispute. That amount takes into account the salvage operation, costs of stalled traffic and lost transit fees for the week that the Ever Given blocked the canal. He did not specify then who .