U.S.-China trade war to lead to reduction in global GDP - WTO
The World Trade Organization forecasts the contraction of the trade turnover between the U.S. and China by 80% due to mutual duties against …
World Trade Organization (WTO)
Foreign Ministry: Iran not seeking to join WTO as there are BRICS, SCO and EAEU
Iran is not seeking to join the World Trade Organization (WTO) as soon as possible, since its membership in others leading regional organizations is in sum equal to WTO membership, Iranian Deputy Foreign Minister for Economic Diplomacy Mahdi …
Azerbaijan joins WTO Executive Council
During the meeting of the European Commission of the World Tourism Organization, Azerbaijan became a member of the WTO Executive Council. The Council also included Italy, the Czech Republic, Lithuania and Bulgaria.
China poses global question to US
At the World Trade Organization sessions in Geneva, where US foreign trade policy was considered, China demanded that America explain in writing the numerous unilateral protectionist measures and violations of generally accepted world principles …
Permanent representative of Russia: Russia opposes the politicization of the WTO
Russia opposes the politicization of the World Trade Organization (WTO), Dmitry Lyakishev, Permanent Representative of the Russian Federation to the WTO, said in an interview with TASS on Sunday. "Western countries are actually …
Soaring food prices could fuel social unrest, extreme poverty
The world’s major international finance and food organisations have joined forces to call for urgent, coordinated action on food security in light of the crisis in Ukraine, warning soaring food prices could fuel social tensions and push millions into poverty
International agencies call for urgent aid to address food insecurity
Major international organizations issued an appeal Wednesday for urgent measures to deal with rising food insecurity in poor countries, including financing to support farmers and increase food supplies. “It is critical to quickly …
WTO slashes global trade growth forecast
World GDP at market exchange rates is expected to grow by 2.8% in 2022, down 1.3 percentage points from the previous forecast of 4.1%, according to the World Trade Organization (WTO)'s annual trade statistics and outlook report published …
EU agrees on 4th package of anti-Russian sanctions
The European Union formally approved on Tuesday a new barrage of sanctions against Russia for its invasion of Ukraine, which include bans on investments in the Russian energy sector, luxury goods exports and imports of steel products from …
Turkmenistan applies to join WTO as observer
Turkmenistan has applied to join the World Trade Organization (WTO) as an observer, Trend reports with reference to Khabar 24 Kazakh digital information TV channel. According to the information, the corresponding decree was signed by …
The ‘Zangezur Corridor’ is a geo-economic revolution
The South Caucasus region has the opportunity to become one of Eurasia’s most important transport corridors
Why is Uzbekistan relevant for the European Union?
The EU must send a strong message of support and engagement to Uzbekistan
WTO to hold ministerial meeting in Geneva in late 2021
World Trade Organization members agreed on Monday to hold the next major ministerial meeting in Geneva, Switzerland in late 2021, delegates said. The biennial conference was originally set to be held in Kazakhstan last year but was …
World Trade Organization appoints first woman head
Nigerian economist Ngozi Okonjo-Iweala has been appointed to head the World Trade Organization, becoming the first woman and first African to take on the role amid rising protectionism and disagreement over how the body decides cases involving …
Putin defines main tasks of G20 countries
The long-term and large-scale unemployment and poverty are the main risks globally, Russian President Vladimir Putin said speaking today at the G20 summit. The official web-site of the Russian President provides …
This scotches speculation his son was poised to take over
Azerbaijan is becoming an increasing active trading partner with China
WTO goods trade index hits record low, detects some recovery signs
The World Trade Organization said on Wednesday its goods trade barometer hit a record low, suggesting global merchandise trade registered a historic fall in the second quarter of 2020 as the coronavirus pandemic raged, The Business Times …
Turkmenistan granted observer status in WTO
On July 22, 2020, the successive session of World Trade Organization (WTO) General Council was held in WTO headquarters located in Geneva of the Swiss Confederation, during which the application of Turkmenistan on accession to WTO as an observer …
UK to nominate Liam Fox to lead World Trade Organization
The UK government has confirmed it will nominate former cabinet minister Liam Fox as its candidate to lead the World Trade Organization, BBC reports. The body is searching for a new director-general to replace Brazilian Roberto Azevedo …
WTO head says he will step down one year early
The head of the World Trade Organization said Thursday he will cut short his second term in office short by a year, leaving on Aug. 31 during a troubled time for the WTO, Anadolu agency reports. Roberto Azevedo, a 62-year-old Brazilian …
