Tag Archives: WTO

G20 agri ministers pledge WTO reform

G20

MNA Business Desk: Agriculture ministers from the G20 countries criticized protectionism in a joint statement on Saturday, and vowed to reform World Trade Organization (WTO) rules, but did not detail what steps they would take to improve the food trade system. In the statement, they said they were “concerned about the increasing use of protectionist non-tariff trade measures, inconsistently with WTO rules.” The ministers from countries including the United States and China, in Buenos Aires for the G20 meeting of agriculture ministers, said in the statement they had affirmed their commitment not to adopt “unnecessary obstacles” to trade, and affirmed ...

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WTO voices concern over US tariffs plan

WTO

MNA Business Desk: WTO director-general Roberto Azevedo on Friday said WTO is clearly concerned at the announcement of US plans for tariffs on steel and aluminium. The potential for escalation is real, as we have seen from the initial responses of others, Roberto said in a statement. “A trade war is in no-one’s interests. The WTO will be watching the situation very closely.” Trump triggered a furore on Thursday by announcing he would set tariffs of 25 percent on steel and 10 percent on aluminium to protect US producers, reported news agency. He did not specify if the tariffs would ...

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World trade order in a wobble

World Trade

MNA Business Desk: The frustration of Roberto Azevedo was evident when, as director general of the World Trade Organisation (WTO), he summed up the results of a three-day ministerial conference in Buenos Aires in the past week. There were simply none. The delegates of more than 160 countries from around the globe failed to reach any new agreements in the face of stinging US criticism of the WTO and vetoes from other countries. At the end, they were not even able to agree on a joint communique, reported news agency. And a further blow could strike in the coming week ...

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