By Philip Blenkinsop (Reuters) - Nothing illustrates the crisis at the World Trade Organization more than the piling up of unresolved disputes and the ...
Sidney Crosby and Pittsburgh Penguins in Cole Harbour | SaltWire - Nothing illustrates the crisis at the World Trade Organization more than the piling up of unresolved disputes and the growing list of what it terms the"trade concerns" of its members.
"No more fraud, no more pretending you're appealing,” former deputy director-general Alan Wolff told a WTO conference last month, urging countries to hold off on fresh appeals from 2024, when WTO members have pledged to address the issue. Import restrictions have eased since 2018, when then U.S. President Donald Trump was slapping tariffs on goods from China and elsewhere, but export curbs have more than offset their decline.This has triggered a surge in the number of"concerns" raised at the WTO. These have targeted export restrictions such as for Indian rice and the subsidies the clean tech push has unleashed, such as the U.S.
Countries have taken advantage of exceptions to WTO rules, such as for national security used by the United States to limit metal imports and some Gulf states to restrict trade with Qatar. For some, reform centres on restoring the Appellate Body, something the United States will not accept. The U.S. believes reform must tackle what it says are discriminatory activities of state-owned enterprises, notably China's, that skew competition.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. optimistic it will reach critical minerals deal with EUBy Philip Blenkinsop BRUSSELS (Reuters) - The United States is optimistic it will conclude an agreement with the European Union to allow critical ...
Read more »
WTO chief sees early signs of 'dangerous' trade fragmentationGENEVA (Reuters) - The head of the World Trade Organization said on Monday that early signs of global trade fragmentation were appearing, criticising ...
Read more »
Conservatives challenge pope on women, same-sex couples before Vatican meetingBy Philip Pullella VATICAN CITY (Reuters) - Conservative Catholics have launched a barrage of challenges before a big Vatican meeting, with five ...
Read more »
Pope Francis hints at slight opening to blessings of same-sex couplesBy Philip Pullella VATICAN CITY (Reuters) - Pope Francis has appeared to leave open the possibility of priests blessing same-sex couples, if they are ...
Read more »
Pope Francis hints at slight opening to blessings of same-sex couplesBy Philip Pullella VATICAN CITY (Reuters) - Pope Francis has appeared to leave open the possibility of priests blessing same-sex couples, if they are ...
Read more »
Philippines' Marcos suffers 'significant' drop in approval ratingMANILA (Reuters) - President Ferdinand Marcos has suffered a
Read more »