WTO goods barometer forecasts weak upward momentum in global trade
According to the World Trade Organization’s (WTO) latest Goods Trade Barometer, global merchandise trade could start to show some modest gains in the first quarter of 2024 after a weak performance in 2023.
WTO extends duty moratorium on e-commerce transmissions
Members of the World Trade Organization (WTO) concluded the 13th Ministerial Conference (MC13) in Abu Dhabi on March 2nd with little results as agreements could not be reached on most major issues such as subsidies on fisheries and dispute resolution.
Nine more WTO members formally accept the WTO Agreement on Fisheries Subsidies
Eight members of the World Trade Organization (WTO) deposited their instruments of acceptance of the Agreement on Fisheries Subsidies on February 26 at the opening of the 13th Ministerial Conference (MC13), putting the historic agreement for ocean sustainability on track for entry into force at record pace.
Four more WTO members formally accept the WTO Agreement on Fisheries Subsidies
Four more members of the World Trade Organization (WTO) – Barbados, Dominica, Senegal, and Uruguay – deposited their instruments of acceptance of the Agreement on Fisheries Subsidies on 14 February 2024. High-level officials of Barbados, Dominica, Senegal and Uruguay presented the instruments of acceptance to Director-General Ngozi Okonjo-Iweala.
WTO report shows trade-facilitating trend continues, but export restrictions persist
According to the World Trade Organization’s (WTO) latest Trade Monitoring Report, between mid-October 2022 and mid-October 2023, the value of world merchandise trade covered by new trade-facilitating measures far exceeded that affected by new trade restrictive measures, an encouraging trend at a time of uncertainty and tension in the global economy.
WTO goods barometer finds automobile and electronic sales are driving trade recovery
According to the World Trade Organization’s (WTO) latest Goods Trade Barometer, the volume of global merchandise trade is recovering after its recent slump, with automobile sales and production and electronic components trade driving the recovery. However, mixed economic results coupled with increasing geopolitical tensions make the near-term outlook highly uncertain.
WTO report finds strong expansion of global value chains
According to a joint international report published this week by the World Trade Organization (WTO), global value chains (GVCs) continued to expand in 2022, as indicated by the growing share of foreign inputs in exports and the increasing participation rates of economies worldwide.
WTO publishes key indicators on international trade for 197 economies
The World Trade Organization (WTO) issued the latest edition of its annual statistical publication, Trade Profiles, which provides a series of key indicators on merchandise trade and trade in commercial services for 197 economies, highlighting the major exports and imports for each economy as well as their main trading partners.
Seven more WTO members formally accept the WTO Agreement on Fisheries Subsidies
Seven members of the World Trade Organization (WTO) deposited their instruments of acceptance of the Agreement on Fisheries Subsidies on October 23, propelling the much-anticipated entry into force of the historic agreement for ocean sustainability closer to realization.
WTO expects lower trade growth in 2023 as global manufacturing slows down
Economists from the World Trade Organization (WTO) scaled back projections for growth in global merchandise trade in 2023 amid a continued slump that began in the fourth quarter of 2022.