Sunday, 24 October 2021

Tag Archives: World Trade Organisation

Global trade will plunge by a third in 2020: WTO

GENEVA: Global trade could plummet by a third this year due to the coronavirus pandemic, the World Trade Organisation said, warning the deepest recession “of our lifetimes” could be on the horizon. “Covid-19 has completely upended the global economy and with it international trade,” WTO chief Roberto Azevedo told reporters ...

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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 ...

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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 ...

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