News Analysis Farmers are struggling with skyrocketing fuel and fertilizer costs and labour shortages while international trade restrictions have become another headwind since Russia’s invasion of Ukraine. Against this backdrop, a leading food expert says the World Trade Organization (WTO), while limited in its effectiveness, has a key role to play in ensuring free and…
WTO Urged to Do More to Tackle Trade Barriers for Food, Agriculture
June 22, 2022
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WTO Strikes Global Trade Deals Deep Into Overtime
June 17, 2022
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apartheidBusiness & MarketsCOVID-19 pandemiceconomic policieseconomyGenevaInternationalMarketsNgozi Okonjo-IwealaUkraineWorldWTO
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GENEVA—The World Trade Organization’s (WTO) 164 members approved a series of trade agreements early on Friday that included commitments on fish and pledges on health and food security after more than five gruelling days of negotiations. The deals were ground out over five days of bargaining at a conference of more than 100 trade ministers…
Lawmakers Urge USTR to Push for Extension of WTO’s Moratorium on Digital Trade
WASHINGTON—A bipartisan group of U.S. lawmakers urged U.S. Trade Representative Katherine Tai to push during World Trade Organization meetings this week for an extension of a moratorium on tariffs on digital trade that has been in place since 1998. More than 100 trade ministers from the WTO’s 164 members are meeting in Geneva this week,…
COVID-19 Vaccine Rights Waiver Within Reach, WTO Chief Says Ahead of Meeting
GENEVA—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 (WTO) said on Wednesday. In a telephone interview, Director-General Ngozi Okonjo-Iweala also said an agreement could be reached on fishing subsidies in time for the meeting,…
US Should Hold Beijing Accountable on Trade After 20 Years of WTO Abuses: Analysts
The United States Trade Representative (USTR) is calling for the country to rethink its approach to China with a focus on building up domestic capacity rather than trying to change the communist nation’s behavior. “Our strategy must expand beyond only pressing China for change and include vigorously defending our values and economic interests from the…
EU Launches WTO Dispute Against China Over Telecom Patents
BRUSSELS—The European Union launched a legal challenge against China at the World Trade Organization on Friday, arguing that Chinese courts were preventing European companies from protecting their telecom technology patents. The European Commission, which filed the challenge on behalf of the EU’s 27 members, said EU companies were being deterred from going to a foreign…
Demand Shock Behind Global Bottlenecks Should Ease in Months: WTO
BRUSSELS—Global trade bottlenecks are more the result of demand spikes than supply chain snags, with pressure likely to ease in the coming months, the World Trade Organization’s chief economist said on Monday. The WTO had thought in October that demand for goods would slow early in 2022. However, that was before the Omicron variant of…
China Failed to Meet ‘Phase 1’ Trade Deal Commitments: US Trade Official
U.S. Deputy Trade Representative Sarah Bianchi has raised concerns at a Washington trade conference about the Chinese regime’s failure to honor its commitments under the “phase one” trade deal signed in January 2020. Under the agreement, which expired at the end of 2021, China promised to ramp up purchases of U.S. energy, agricultural, and manufactured…
WTO Punishes the US While Washington Gives More Funding to the UN
News Analysis Congressional Republicans are right to question the efficacy of the COMPETES Act to confront the Chinese Communist Party (CCP). The central focus of the currently stalled House bill is to increase domestic semiconductor production. This is essential to both easing the logistical strain currently plaguing the nation as well as ensuring the country’s…
Joining the WTO Gave the CCP 20 Years of Development, but Has the West Been Fooled?
Commentary This year, 2021, marks the 20th since China became a member of the World Trade Organization (WTO). There have been a large number of publications either commemorating or reassessing the Chinese regime’s participation in the WTO. The Chinese Communist Party’s (CCP’s) propaganda mouthpiece People’s Daily published an article on Dec. 11, boasting that the…
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