Page 4 - World Trade Organisation

WTO ministerial conference extended by one day to facilitate outcomes

The conference was initially scheduled to close on Wednesday and is now extended till June 16

Low expectations from the 12th WTO Ministerial Conference

The meet takes place under the shadow of global inflation, supply chain disruptions, lingering pandemic, slowing growth momentum, and the Russia-Ukraine war

WTO MC12: Export restrictions can blow up global food crisis, says DG

Director General Okonjo Iweala Ngozi warns of a 'bumpy road' to consensus on even one-two deliverables

G33 Ministerial Meet: Goyal concerned over stalemate on public stockholding

Goyal stressed that the decision related to the public stockholding and special safeguard mechanism are the key areas of concern for the developing nations

WTO chief warns of 'bumpy' road as ministers work to reach deals

The WTO chief insisted that trade has lifted 1 billion people out of poverty, but poorer countries - and poor people in richer ones - are often left behind

Indian wheat must not be re-exported to 3rd country, says Piyush Goyal

'We want to support less developed, friendly and neighbouring countries to the extent we can'

WTO MC12: India will agree to fisheries deal if it is 'equitable'

The current draft is unfairly constraining the less developed nations that don't have the capacity and resources to support their industry and farmers

Global supply crunch

Food prices will remain elevated in the near term

India wants WTO to play its role in containing global inflation

The 12th ministerial conference, the highest decision-making body of the WTO, is scheduled to meet on June 12-15 in Geneva

India's exports up 24% to $38 bn in April; trade deficit widens to $20 bn

The preceding month had witnessed record outbound shipments of $42.2 billion

WTO's 12th ministerial conference to take place on June 12-15 in Geneva

The Ministerial Conference (MC) is the highest decision making body of the 164-member Geneva-based multilateral body

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

The WTO said its projections for world trade take into account factors like the impact of the war, sanctions on Russia and shrinking worldwide demand amid lower business and consumer confidence

US accuses China of failing to meet its free-trade commitments

The United States has accused China of failing to meet its commitments to the World Trade Organisation and says it is exploring new ways to combat aggressive Chinese trade practices.

Brazil's pioneering solution to vaccine shortages

The world is not making as many vaccines as it could

WTO needs to reassess the way it conducts its affairs, says Piyush Goyal

"The developed world must give the developing world the policy space to develop their economies and meet the needs of billions of people in this interconnected world," he said

Key role for WTO to meet emission targets

The 12th Ministerial Conference of WTO is scheduled to start at Geneva from the end of this month

Can't guarantee India's concerns will be addressed, says WTO D-G

But assures the long-standing issue of farm, fisheries subsidies will be heard at ministerial

Commerce and Industry minister Goyal reiterates call for IPR waiver at WTO

The TRIPS agreement came into effect in January 1995

WTO estimates global merchandise trade volume growth at 10.8% in 2021

Growth should moderate as merchandise trade approaches its pre-pandemic long-run trend: WTO

Global services trade remains below pre-Covid levels, says WTO

Global services purchasing managers' index (102.7) and financial services (100.2) indices indicated that the pace of growth has slowed down.