European Union
The World Trade Organization (WTO) has dealt a significant blow to rich-nation farm aid, ruling that the European Union's sugar exports are illegal and ordering the United States to reduce its cotton subsidies. The rulings come as part of efforts by developing and food-exporting nations to push wealthy
European Union
The World Trade Organization has agreed to a European Union request for a panel of scientific experts to review a complaint filed by the United States, Canada, and Argentina against the EU's ad hoc moratorium on new biotech crop approvals. The dispute has been ongoing since last year,
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 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
The European Union has formed an unlikely alliance with several major economies to challenge a US law requiring the reimbursement of anti-dumping and countervailing duties to affected American companies. The EU and its partners argue that the law is an illegal response to dumping and subsidization, as it provides an
European Union
A group of countries led by Japan and the European Union filed a joint complaint with the World Trade Organization (WTO) today against a new US law that would award the proceeds of anti-dumping sanctions to the affected industry. The law, championed by Senator Robert Byrd to protect West Virginia&
China
As the final round of talks on China's bid for membership of the World Trade Organisation (WTO) conclude in Geneva, economists in Hong Kong are warning that the opening up of China's domestic markets and easing of export quotas may spell disaster for much of Asia.
China
China has approved the setting up of a new telecoms operator, China Railway Telecom, which will link 500 cities and challenge the dominance of China Telecom. The new operator will have access to 120,000km of existing lines, including 40,000km of fibre optic lines, and will offer a range
European Union
As the world grapples with complex political and trade issues, several developments are gaining attention. In Mexico, Vicente Fox Quesada is set to become the first president not from the Institutional Revolutionary Party (PRI) in 70 years, promising a diverse and pluralistic cabinet. Meanwhile, the European Union is taking steps
European Union
The European Union, led by France, Germany, and Russia, is poised to impose $4 billion in sanctions on US exports over the contentious Foreign Sales Corporations tax break, a move that will require the new President to navigate a complex web of diplomatic relationships. The trade dispute comes at a
