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WTO

Japan supports EIF to help poorest countries recover from COVID 19, expand trade capacity

2 mins read

The FINANCIAL -- Japan has contributed over USD 81,000 (approximately CHF 72,000) to the Enhanced Integrated Framework (EIF) in 2021 to help least-developed countries (LDCs) use trade to combat the economic downturn caused by the COVID-19 pandemic.  According to WTO,  the funding will help 46 least-developed countries (LDCs) across Africa, Asia and the Pacific tackle the impact of the COVID-19 pandemic by enhancing their capacity to trade. LDCs often rely on exporting one particular commodity or natural resource, making it more complicated for them to recover from a crisis. The EIF's projects are aimed at helping these countries take advantage…

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Japan supports EIF to help poorest countries recover from COVID 19, expand trade capacity

2 mins read

The FINANCIAL -- Japan has contributed over USD 81,000 (approximately CHF 72,000) to the Enhanced Integrated Framework (EIF) in 2021 to help least-developed countries (LDCs) use trade to combat the economic downturn caused by the COVID-19 pandemic.  According to WTO,  the funding will help 46 least-developed countries (LDCs) across Africa, Asia and the Pacific tackle…

Group of WTO members issue joint pledge on humanitarian food purchases

1 min read

The FINANCIAL -- A group of nearly 80 WTO members issued a joint statement pledging not to impose export restrictions on foodstuffs purchased by the UN’s World Food Programme (WFP) for humanitarian…

Electronics and automotive products lift global merchandise trade in Q3, services lag behind

6 mins read

The FINANCIAL -- The third quarter of 2020 saw a partial recovery of world trade in manufactured goods, led by electronics, textiles and automotive products, as production resumed and lockdown measures were eased in major economies, new World Trade Organization statistics show.…

70% of Destinations Have Lifted Travel Restrictions, but Global Gap Emerging

8 mins read

The FINANCIAL -- The number of destinations closed to international tourism has continued to fall. According to the eighth edition of the UNWTO Travel Restrictions Report, 70% of all global destinations have eased restrictions on travel introduced in response to the COVID-19 pandemic. In comparison, just one in four destinations continue to keep their borders…

Trade issues associated with the spread of diseases of animal origin

4 mins read

The FINANCIAL — The WTO Secretariat has published a new information note about trade issues associated with the spread of diseases of animal origin. The note maps out the international framework in place to address these issues, along with ongoing efforts to ensure safe trade in animals and animal products, including in wildlife. The note…

Hong Kong, China initiates dispute complaint against US origin marking requirements

1 min read

The FINANCIAL — Hong Kong, China has requested WTO dispute consultations with the United States concerning marks of origin requirements imposed by the US on goods produced in Hong Kong, China. The request was circulated to WTO members on 3 November. Hong Kong, China is challenging several US legal, regulatory, executive and administrative measures through…

WTO members discussed how to use intellectual property to tackle coronavirus pandemic

6 mins read

The FINANCIAL — At the meeting of the Council for Trade-Related Aspects of Intellectual Property Rights (TRIPS) on 15-16 October 2020, WTO members discussed how best to use the global intellectual property (IP) system to tackle the COVID-19 pandemic. Members also discussed the extension of the transitional period for least developed countries (LDCs) to implement…

WTO report explains how global intellectual property system relates to the COVID-19 pandemic

8 mins read

The FINANCIAL — The WTO Secretariat has published a new information note about how the global intellectual property (IP) system relates to the COVID-19 pandemic and potential contributions it could make to efforts to address it. The note provides an overview of IP-related measures taken by WTO members and other stakeholders since the start of…

WTO presents new import licensing database

3 mins read

The FINANCIAL — Four years of work by the WTO Secretariat bore fruit with the launch on 9 October 2020 of the new import licensing database. The new platform gathers together import licensing information, analysis and reporting and streamlines notification procedures for WTO members. At a meeting of the Committee on Import Licensing, members commended…

WTO members narrowed field of Director-General candidates

7 mins read

The FINANCIAL — WTO members narrowed the field of candidates to be the next Director-General as General Council Chair David Walker of New Zealand and his co-facilitators in the selection process disclosed today (8 October) the two candidates advancing to the third and final round of consultations which will determine the successor to Roberto Azevêdo.…

All regions will suffer double-digit declines in trade volumes in 2020, WTO

15 mins read

The FINANCIAL -- World trade is expected to fall by between 13% and 32% in 2020 as the COVID 19 pandemic disrupts normal economic activity and life around the world. Nearly all regions will suffer double-digit declines in trade volumes in 2020, with exports from North America and Asia hit hardest, said WTO in its report. Trade…

Stay home – but travel tomorrow! WTO SG

6 mins read

The FINANCIAL -- As the COVID-19 situation evolves, the World Tourism Organization (UNWTO) observes that full or partial travel restrictions have been – and continue to be – introduced across the world. These decisions are made with public health as the primary concern. This pandemic affects every level of society and we stand by those…