International trade
Philippine President Ferdinand Marcos Jr. and Chinese President Xi Jinping have come together to call for the restoration of global trade mechanisms, despite ongoing maritime disputes between their countries. At the 32nd Asia-Pacific Economic Cooperation (Apec) summit, Marcos urged the full restoration of the World Trade Organization's (WTO)
International trade
India has submitted a communication to the World Trade Organisation (WTO) urging intensified discussions on promoting secure and interoperable digital public infrastructure (DPI) to support e-commerce and prevent market dominance by major technology companies. This approach would help foster competition, expand opportunities for micro, small and medium enterprises (MSMEs), and
International trade
The World Trade Organization's (WTO) recent high-level forum on the CAREC region and the multilateral trading system brought together representatives from Central Asia and beyond to share experiences and insights on the benefits of WTO accession and membership. The event highlighted the significant economic reforms and growth achieved
International trade
A new WTO-IMF trade policy activity index has been developed to capture global trade policy dynamics in a timely and comprehensive fashion. Using a Dynamic Factor Model, the index draws insights from a wide range of information on trade policy measures covering a large number of economies and products. The
International trade
Global trade policy interventions have seen a significant uptick from around 2019-2020, driven by the COVID-19 pandemic, heightened trade tensions among large economies, and rising geopolitical risks. The WTO-IMF Trade Policy Activity (TPA) index, developed by a group of economists from both organizations, captures this dynamic shift in trade policy
International trade
The United States' imposition of "reciprocal tariffs" has severely damaged the global trading system and disproportionately affected developing countries, according to Carlos M. Correa, executive director of the South Centre. The tariffs are discriminatory and exclusionary, forcing members of the World Trade Organization (WTO) to engage in
International trade
India's flagship electric vehicle (EV) and renewable energy (RE) expansion schemes are facing a challenge from China at the World Trade Organisation (WTO). China has alleged that these schemes are discriminatory against Chinese products and violate various multilateral agreements. However, experts believe that the consequences of this challenge
International trade
The World Trade Organisation (WTO) has been approached by China with a complaint against India's production-linked incentive (PLI) schemes for electric vehicles (EVs), advanced chemistry cell (ACC) batteries, and the auto sector. China alleges that these schemes discriminate against foreign manufacturers, including Chinese firms, by favoring domestic production
International trade
In a significant development, Iraq's accession to the World Trade Organization (WTO) is gaining momentum, with key stakeholders expressing optimism about the country's prospects of membership. The Minister of Trade, Atheer Dawood Al-Ghurairi, met with the WTO's Director-General, Ngozi Okonjo-Iweala, in Geneva to discuss
International trade
The World Trade Organization (WTO) and the International Trade Centre (ITC) have launched the Women Exporters in the Digital Economy (WEIDE) Fund in Jordan, providing women-led businesses with opportunities to strengthen their digital capabilities and expand into global markets. The initiative is jointly funded and managed by the WTO Secretariat
International trade
Lithuania's Foreign Minister Kestutis Budrys emphasized the need for urgent reforms within the World Trade Organization (WTO) to preserve the rules-based international trading system. The call for reform comes as Lithuania participates in the informal EU Trade Council, where discussions centered on the future of the WTO and
International trade
Minister Wasantha Samarasinghe, heading a Sri Lankan delegation, will attend the World Trade Organization's (WTO) Trade Policy Review (TPR) of Sri Lanka, coupled with the 16th session of the United Nations Conference on Trade and Development (UNCTAD XVI). This high-profile review comes at a pivotal moment as Sri
