WTO
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Singapore will form a national task force to support businesses and workers in response to sweeping new US tariffs that could slow economic growth and impact jobs and wages, Prime Minister Lawrence Wong announced on Tuesday (Apr 8). The task force, chaired by Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong, will…
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BEIJING: China on Friday (Apr 4) announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The commerce ministry said it would impose additional tariffs of 34 per cent on all US goods from Apr 10. Agriculture trade took another hit as Chinese…
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World Trade Organisation chief Ngozi Okonjo-Iweala urged nations Thursday to keep calm over tariffs, warning that a tit-for-tat trade war would be “catastrophic” for the world economy. Okonjo-Iweala issued her appeal during a panel discussion on tariffs at the World Economic Forum in Davos, Switzerland, in a week that saw US President Donald Trump threaten…
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Nigeria’s Ngozi Okonjo-Iweala has emerged as the sole candidate for the role of director-general at the World Trade Organisation (WTO). The WTO said the former Nigerian finance minister agreed to a second term for the organisation’s top job. “Nominations for Director-General closed; Ngozi Okonjo-Iweala confirmed as sole candidate,” the WTO said in a Saturday statement.…
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Chinese Premier Li Qiang on Monday reiterated the country’s support for free trade and rejection of protectionism during a meeting with World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala in Tianjin. China has always upheld the multilateral trading regime with the WTO at its core and fulfilled its WTO accession commitments, having itself developed and benefiting…
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Nursing unions from 28 countries have called on the United Nations to support a temporary waiver on patents for COVID-19 vaccines, and warned of a “crisis of global vaccine apartheid” that could lead to more new variants like Omicron and Delta spreading around the world. In a letter sent on Monday, the unions accused the European…
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As China reports 31,000 cases of infection and 636 deaths, the outbreak of coronavirus has threatened to cause multi-million dollar losses in the travel industry, according to the World Tourism Organization (WTO). Before the coronavirus, the WTO predicted a 3 to 4 percent growth in global tourism this year, compared to the 1.5 billion tourists who…
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The world is heading for a global trade slowdown in 2019 as financial markets grow increasingly worried about the world economy, fearing things could turn ugly fast if a meaningful deal isn’t reached in the US-China trade dispute. The World Trade Organisation’s (WTO) chief economist, Robert Koopman, told Bloomberg all indicators point to a lowdown. “When…
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