World Trade Organization (WTO)

Soaring food prices could fuel social unrest, extreme poverty

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

WTO slashes global trade growth forecast

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

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 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 …

WTO to hold ministerial meeting in Geneva in late 2021

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

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

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 …

Turkmenistan granted observer status in WTO

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

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

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 …

Turkmenistan counts on getting WTO observer status

Turkmenistan counts on getting WTO observer status

Turkmenistan hopes to get observer status in Word Trade Organization (WTO), according to the Ministry of Foreign Affairs of Turkmenistan. This issue was discussed during an online meeting of the officers of the Permanent Mission of …

Trump: U.S. ready to pull out of WTO and WHO

Trump: U.S. ready to pull out of WTO and WHO

U.S. President Donald Trump revealed the country is ready to pull out of the World Health Organization (WHO) as well as the World Trade Organization (WTO), saying he will make the final decision by the end of the week. …

Global trade to plunge up to 32% due to pandemic: WTO

Global trade to plunge up to 32% due to pandemic: WTO

The World Trade Organization (WTO) Wednesday forecast up to 32% fall in the global trade this year as the coronavirus pandemic disrupts regular economic activity, Anadolu agency reported. Addressing a virtual news conference, the WTO …

WTO predicts coronavirus downturn to be worse than 2008

WTO predicts coronavirus downturn to be worse than 2008

The World Trade Organization’s chief Roberto Azevedo said that projections show the economic downturn and job losses caused by the coronavirus pandemic would be worse than the 2008 recession. “This …