The Chinese Government has requested in World Trade Organization (WTO) the beginning of consultations with the United States over the subsidies that the latter allocates to the purchase of electric vehicles, the first step in what could lead to a trade dispute between both commercial powers, confirmed this Tuesday to EFE a strong the entity. […]
Tag: WTO
Chinese economy started 2024 strong; commitment to technology and industrial modernization
China has ample room for maneuver to achieve the annual goal of growing its economy around 5% after a strong start to the year, the country’s top economic officials said Wednesday, although they acknowledged that it is a challenge. The chinese exports They rose 10% in the first two months of the year compared to […]
What the WTO meeting left on ecommerce, fishing and agriculture
The ministerial meeting of the World Trade Organization (WTO) concluded on Saturday with a failure of the negotiations on subsidies for fisheries and agriculture, the two central issues of this conference held in Abu Dhabi. The 13th Ministerial Conference revealed the deep divisions between the 164 member countries and casts doubt on the efficiency of […]
WTO foresees “downward risks” for world trade in 2024
The director general of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, assured this Monday that the international geopolitical situation has caused the international organization to foresee “downward risks” to world trade for 2024, which will be below the 3.3% officially forecast. “We continue to review our forecasts for trade volume growth and believe they will […]
EU: New WTO negotiations would be “complicated and unpredictable”
Global trade faces complications that would be reflected in the next Ministerial Conference of the World Trade Organization (WTO), which will be held between February 26 and 29 in Abu Dhabi. For the European Commission (EC) The negotiations of this thirteenth session are expected to be “complicated and unpredictable.” “We will do everything possible to […]
WTO asks member countries for “responsibility” to achieve progress in Abu Dhabi 2024
The general director of the World Trade Organization (WTO)Ngozi Okonjo-Iweala, today called on member states of the organization to show responsibility and collaborate so that the 13th Ministerial Conference in February 2024 in Abu Dhabi can be closed with progress in multiple negotiations. In a meeting with high-level commercial officials from the member states of […]
China ready to expand import of EU products
China and the European Union (EU) agreed this Monday to “strengthen” their macroeconomic policies and “respond to the challenges” during the tenth high-level economic and trade dialogue held this Monday in Beijing. Chinese Vice Premier He Lifeng announced in a meeting with the press that both sides had “frank discussions” and that both sides are […]
WTO: world trade will remain under pressure from external factors in 2023
The growth of world trade will slow to 1.7% in 2023, after an increase of 2.7% in 2022, according to the annual projections of the World Trade Organization (WTO) published this Wednesday. WTO economists now forecast trade volume growth of 1.7% in 2023 – up from the 1.0% estimate made in October – although down […]
WTO chief: “Many of the tensions and wars are caused by men”
Many of the current tensions and wars “have been caused by men”, stressed today the director general of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, in a talk with the president of the European Central Bank (ECB), Christine Lagarde, to commemorate Women’s Day. “I’m not saying that women can have flaws, but it seems to […]
China turns to WTO to remove US control of chip exports
China filed the complaint with the WTO on Monday, according to a statement from its Ministry of Commerce. Trade rules threaten its position in this $580 billion sector, and the country argues that the United States is unfairly using vague security-related justifications to rein in its rival. The chip industry has become a major focus […]