Tuesday, 22 October 2019

Tag Archives: WTO

IMF urges reforms of global trade system

WASHINGTON: The International Monetary Fund welcomed signs of a de-escalation in US-China trade tensions but said an urgent updating of trade rules was needed to restore strong growth to the global economy. Managing Director Kristalina Georgieva said she was encouraged by news of a tentative trade deal reached by Washington ...

Read More »

US imposes record USD 7.5 billion tariffs on European goods

WASHINGTON: The United States imposed tariffs on a record USD 7.5 billion worth of European Union goods on Friday, despite threats of retaliation, with Airbus, French wine and Scottish whiskies among the high-profile targets. The tariffs, which took effect just after midnight in Washington (0401 GMT), came after talks between ...

Read More »

WTO quarterly trade growth indicator drops

GENEV: The World Trade Organization (WTO) said that its latest economic barometer showed that the growth in merchandise trade was likely to weaken further in the third quarter. Its quarterly trade growth indicator showed growth in global goods trade was likely to weaken, with a reading of 95.7. In its ...

Read More »

China warns Australia at WTO about 5G restriction

GENEVA: China told Australia at the World Trade Organization that Australia’s restriction on Chinese 5G telecoms technology was “obviously discriminative” and appeared to break global trade rules, according to a transcript seen by Reuters. China’s representative at the WTO’s Council on Trade in Goods said measures to restrict 5G technology ...

Read More »

India revokes Pakistan’s Most Favoured Nation status

NEW DELHI: India revoked its most favoured status to Pakistan on Friday. The move comes a day after 40 Indian soldiers were killed in a terror attack in Indian-Administered Kashmir. Indian Finance Minister Arun Jaitley announced the decision while briefing the media in Delhi, reported NDTV. He said that India ...

Read More »

US technology charge false, says China

GENEVA: China has told the World Trade Organisation’s (WTO’s) dispute-settlement body that US accusations that Beijing forced companies to hand over technology as a cost of doing business in China were groundless. US President Donald Trump has accused China of stealing US ideas and announced a plan for a $50bn ...

Read More »