International trade
Amid the 50th anniversary of diplomatic relations between China and the European Union, China's commerce ministry called on the EU to view their economic and trade relations in a non-emotional and unprejudiced manner. China's spokesperson, He Yongqian, emphasized the need for less criticism and more communication,
International trade
The Bangladesh government's attempt to reduce US tariffs has been met with limited success due to the constraints imposed by World Trade Organisation (WTO) rules. To achieve a significant reduction in tariffs, Bangladesh needs to consider a bilateral agreement, which would allow it to circumvent WTO rules. However,
International trade
As the World Trade Organization (WTO) struggles with US-imposed paralysis, Brussels and Berlin have launched a new initiative to create an alternative global trade body. Speaking at the EU leaders' summit in Brussels on June 27, German Chancellor Friedrich Merz and European Commission President Ursula von der Leyen proposed
International trade
India has sought consultations with the US on the additional tariffs imposed on automobile imports and has now notified the World Trade Organisation (WTO) of its intention to retaliate by matching the US's tariff collection, which could impact $2.89 billion in exports. The proposed duties mirror past
International trade
The World Trade Organization's latest Trade Monitoring Update has highlighted a volatile and unpredictable global trade landscape due to a sharp rise in new tariffs and trade-related actions between October 2024 and May 2025. Despite these challenges, the report notes an encouraging trend of dialogue and negotiations towards
International trade
Vietnam's Foreign Trade University (FTU) has been awarded the International Prize for Gender Equality in Trade by the World Trade Organisation (WTO) for its outstanding efforts in promoting gender equality in trade. The awards ceremony was held at the WTO headquarters in Geneva, Switzerland on July 2. The
International trade
A joint statement by the heads of the International Chamber of Commerce (ICC) and the World Trade Organization (WTO), John W.H. Denton AO and Ngozi Okonjo-Iweala, respectively, underscores the critical role of a well-functioning multilateral trading system in driving global development. The statement highlights the need to address regulatory
International trade
Vietnam's NetZero Pallet, a company specializing in manufacturing and exporting storage and transport pallets from recycled agricultural waste, has been named a winner of the 2025 Small Business Champions Competition. The company impressed judges with its innovative approach to circular economy practices, standing out among over 2,000
International trade
The World Trade Organization (WTO) stands as the ideal venue for addressing the U.S.-led trade disputes that have taken a toll on international trade, particularly between the European Union (EU) and the United States. Mario Tirelli, a professor of economics at the University of Roma Tre, emphasizes the
International trade
EU leaders are exploring alternatives to the WTO, following years of dysfunction and failed reforms. European Commission President Ursula von der Leyen and German Chancellor Friedrich Merz suggested redesigning the organization or establishing a new trade framework. This move stems from the WTO's inability to address trade disputes
International trade
Ngozi Okonjo-Iweala, the director-general of the World Trade Organisation (WTO), has been selected as the recipient of the 2025 Cressey Award by the Association of Certified Fraud Examiners (ACFE). This prestigious award, established in 1989, honours individuals who have dedicated their careers to preventing fraud and promoting integrity. Okonjo-Iweala, a
International trade
The World Trade Organization's (WTO) Committee on Agriculture held its meeting on May 15, where members discussed global food security and trade policy. Key issues included the impact of conflict, climate change, and economic factors on food security, as well as the importance of open trade and market
