Global trade remains resilient despite Russia-Ukraine conflict
GENEVA: Global trade remained resilient and performed better than pessimistic predictions for 2022, as economies greatly affected by the Russia-Ukraine conflict had found alternative sources of supply, the World Trade Organisation (WTO) said in a note released on Thursday. According to the information note, trade growth in 2022 was above the agency’s forecast of 3 […]
WTO members must cooperate to overcome global challenges, rising protectionism
KUALA LUMPUR: Members of the World Trade Organisation (WTO) must work closely together to ensure the international organisation remains relevant and effective as multilateral cooperation is the key to overcoming global challenges and the rise of protectionism. Senior Minister of International Trade and Industry Datuk Seri Mohamed Azmin Ali said WTO Members must reject protectionism […]
Nigeria’s Okonjo-Iweala takes over as WTO chief
GENEVA: The first female and first African director-general of the World Trade Organisation (WTO), Ngozi Okonjo-Iweala, officially took office on Monday, ending a six-month “leaderless” period of the organisation, after former chief Roberto Azevedo stepped down on Aug 31, 2020, a year ahead of schedule. “I am coming into one of the most important institutions […]
WTO in a state of stagnation, reform necessary
KUALA LUMPUR: The World Trade Organisation (WTO) is in a state of stagnation and that a reform is necessary, said Saudi Arabia’s candidate to head the organisation Mohammad Al-Tuwaijri. He said what is needed today to lead the organisation is management and leadership. “The WTO director-general should act as a link between member states and […]
Indonesia sues EU over palm oil
JAKARTA: Indonesia has filed a World Trade Organisation lawsuit against the European Union over plans to phase out palm oilbased biofuel for cars, the trade ministry said. The action could escalate a trade dispute between Indonesia — the world’s top palm oil producer — and the EU, which plans to end its use of biofuels […]
