European Union
The World Trade Organization (WTO) has authorized the European Union (EU) and seven other countries to impose trade sanctions on the United States due to its refusal to modify its antidumping law, known as the Byrd amendment. The WTO's decision was reached after a seven-month proceeding, with the
European Union
The World Trade Organization has authorized the European Union and seven other leading American trading partners to impose more than $150 million in retaliatory sanctions on exports from the United States, citing the country's violation of international trade laws. This ruling comes after Congress refused for two years
European Union
The return to frontline politics of former Cabinet minister Peter Mandelson was marked by claims that he accepted his new job as European Commissioner for trade despite Tony Blair's reservations. The two old friends were said to have engaged in a two-day argument over Mandelson's possible
European Union
The World Trade Organization has approved a framework agreement aimed at eliminating billions of dollars in farm subsidies for rich nations, marking a significant step forward in the Doha round of trade talks. The agreement, reached in Geneva, Switzerland, on Saturday night, is seen as a milestone for the world&
European Union
A new draft text for the Doha Round suggests that developing countries, which have been reluctant to make commitments to lower trade barriers, may benefit from the existing preferential market access they enjoy until subsidy cuts are complete in industrial nations. The revised draft, presented last week, proposes cutting import
European Union
Turkish Prime Minister Recep Tayyip Erdogan embarked on a three-day visit to Paris, where he held talks with French Prime Minister Jean-Pierre Raffarin on Turkey's potential entry into the European Union (EU). Erdogan sought French support for Turkey's EU membership bid, citing the country's
European Union
Turkish Prime Minister Recep Tayyip Erdogan began a three-day visit to France on Monday, focusing on promoting Turkey's European Union membership and discussing economic ties between the two countries. The visit comes ahead of a December deadline when the EU will decide whether to initiate membership discussions with
European Union
The World Trade Organization (WTO) negotiations are at a critical juncture, with developed and developing countries struggling to find common ground on contentious issues such as farm export subsidies. The G-5 meeting in Paris aimed to bridge the gap, but significant differences remain. US Trade Representative Robert Zoellick warned that
European Union
Efforts to salvage the Doha world trade talks have entered a critical phase, with World Trade Organisation members struggling to hammer out a deal on agriculture while averting threatened rebellion by developing countries. Ministers from the US, the European Union, Brazil, India, and Australia have narrowed some differences at a
European Union
Italian Prime Minister Silvio Berlusconi was left looking weak and isolated after the ousting of economy minister Giulio Tremonti in a coalition coup. EU Commissioner Mario Monti is under pressure to become Italy's next economy minister, which would give the centre-right coalition some much-needed credibility. Monti's
European Union
Italian Prime Minister Silvio Berlusconi is facing a significant challenge as his economy minister, Giulio Tremonti, resigned on the eve of a crucial budget meeting with the European Union. The resignation highlights the deep-seated disagreements between Berlusconi's government and the European Union over Italy's budget deficit,
European Union
Portuguese politician Jose Manuel Durao Barroso has been appointed the President of the European Commission, becoming the first head of the Commission from a small country. His appointment, announced on September 22, 2004, was met with mixed reactions from European lawmakers, with some expressing concerns about his experience and leadership
