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Friday, May 07, 2021

World Trade Organization

WORLD TRADE ORGANIZATION NEWS

Explained: Intellectual property waiver for Covid-19 vaccines

May 07, 2021 7:14 am

The United States will pursue negotiations at WTO to waive intellectual property for Covid-19 vaccines. This can allow large-scale production in middle-income countries, but there are arguments against the move.

Taking ‘extraordinary measures,’ Joe Biden backs suspending patents on Covid-19 vaccines

May 06, 2021 7:56 am

The United States had been a major holdout at the World Trade Organization over a proposal to suspend some of the world economic body’s intellectual property protections, which could allow drugmakers across the globe access to the closely guarded trade secrets of how the viable vaccines have been made.

Explained: Who is Ngozi Okonjo-Iweala, first female and African to head WTO?

February 17, 2021 10:39 am

Ngozi Okonjo-Iweala is a Nigerian economist who has been serving the public domain as an expert on development and finance.

Okonjo-Iweala becomes first woman, African to lead WTO

February 17, 2021 10:37 am

She takes over after four turbulent years in which US President Donald Trump used new tariffs, or import taxes, against China and the European Union to push his America first trade agenda.

All major economies will be drawn into US-China contestations over international trade

May 12, 2020 9:15 am

Significant political contestations within the US and between the US and China to reform, reorient or bypass the WTO system are at hand. All major economies will be drawn into this conflict.

Explained: As Trump accuses China over WTO status, a look at the trade body's rules

April 12, 2020 3:01 pm

President Donald Trump has accused China of taking advantage of the US through the World Trade Organisation (WTO), saying that if Beijing is considered a 'developing country', the US should be called one too.

Withdraw prohibited subsidies: WTO panel to India

November 01, 2019 3:46 am

The panel — in its 113-page report released late Thursday — recommended that India “withdraw the prohibited subsidies” under these schemes within 90-180 days (depending on the scheme) from the adoption of its report.

‘Logjam in WTO appellate body a serious threat to dispute settlement mechanism’

May 14, 2019 4:06 am

Commerce Secretary raises concerns with the agenda promoted by richer nations to reform WTO.

China calls U.S. repeat abuser of world trade rules as tariffs loom

March 22, 2018 1:11 pm

The Wall Street Journal reported that Beijing has already prepared to strike back with tariffs aimed at Trump's support base, including levies targeting U.S. agricultural exports.

Members reaffirm support to WTO at informal ministerial

March 21, 2018 3:05 am

It also comes at a time when growing unilateral protectionist policies by the US and some other countries have worsened fears of an escalating global trade war, threatening to render the WTO meaningless.