European Union
The European Union was dealt a significant blow yesterday when a World Trade Organisation panel confirmed that its subsidised sugar policy is illegal, sparking intense debate over plans to reform support for sugar farmers. The ruling, made in response to a case brought by Brazil and Australia, has set off
European Union
The European Union is set to implement its sugar reform plan, announced in a recent press conference by EU Commissioner Peter Mandelson in Bangkok. The reforms, designed to bring the EU's sugar system in line with World Trade Organization rules, will proceed regardless of the WTO's
European Union
The US has called off talks with the European Union on an agreement to curb government subsidies for Airbus and Boeing, accusing the EU of refusing to negotiate in good faith. The breakdown in negotiations came after the EU failed to comply with a January 11 agreement to eliminate large
European Union
United States-European Union negotiations over aircraft subsidies have broken down, potentially leading to costly litigation at the World Trade Organization. The dispute has strained trans-Atlantic relations and would be the largest in WTO history. The United States and European Union have been accusing each other of paying out billions of
European Union
The EU's decision to complain to the WTO against Korea's export credits for shipbuilding has led to a significant shift in global market share. Between 1999 and 2002, Korea's share of world shipbuilding grew from 28% to 36%, while the EU's market
European Union
As China's massive market grab has been widely reported since the start of the year, India is quietly positioning itself as a viable alternative. The removal of the four-decades-old World Trade Organisation (WTO) textile quotas on January 1 has opened up new opportunities for the South Asian giant.
European Union
Efforts to finalize the World Trade Organization's (WTO) negotiations on industrial tariffs, special and differential treatment, and agriculture progressed at a recent meeting, with participants reaching a consensus on key principles, including the need for tariff cuts while recognizing development needs. The European Commissioner, Peter Mandelson, emphasized the
European Union
The European Court of Justice (ECJ) has upheld a decision that Companies and individuals cannot use a World Trade Organisation (WTO) decision to challenge EU trade legislation in a national court. This ruling was made in the case of Van Parys, a Belgian banana importer, who had sought to use
European Union
The European Union (EU) has taken a formal step to resolve the long-standing trade dispute over hormone-treated beef with the US and Canada by requesting consultations within the World Trade Organization's (WTO) dispute settlement system. The three parties have a two-month window to reach an agreement; failing that,
European Union
The U.S. Trade Representative (USTR) has rejected the European Union's (E.U.) claim that its ban on beef from hormone-treated cattle is now justified by science. The E.U. had asked the World Trade Organization (WTO) to rule against the U.S. and Canadian retaliatory sanctions, but
European Union
The World Trade Organization (WTO) has given a positive assessment to the European Union's (EU) trade policy in its seventh review, praising the EU's efforts to simplify its tariff structure and reduce duties and support levels for agriculture. The report highlights the EU's commitment
European Union
The European Union has established a system to enable companies to manufacture medicines for export to developing countries under a compulsory licensing regime. The new regulation, which implements the WTO agreement on access to medicines, allows developing countries to notify the WTO of their need for specific medicines, triggering a
