WTO report shows increase in trade restrictions amidst economic uncertainty
According to the World Trade Organization’s (WTO) latest Trade Monitoring Report WTO members are introducing restrictions at an increased pace, particularly on food, feed and fertilizers. The stockpile of import restrictions in force also continues to grow.
Export restrictions are increasing within the G20 during economic challenges
According to the 28th World Trade Organization’s (WTO) Trade Monitoring Report on G20 trade measures, the G20 economies have introduced export restrictions at an increased pace, particularly on food and fertilizer between mid-May and mid-October 2022.
WTO Members seek to advance transparency for non-preferential rules of origin
Members of the World Trade Organization (WTO) have agreed to ask the chair of the Committee on Rules of Origin to consult with delegations and propose a way forward on an initiative aimed at enhancing transparency regarding non-preferential rules of origin.
WTO expects global trade growth to slow sharply in 2023
According to the World Trade Organization (WTO) global trade is expected to lose momentum in the second half of 2022 and remain subdued in 2023 as multiple shocks weigh on the global economy.
WTO Goods Barometer shows global trade growth is slowing down
According to the World Trade Organization’s (WTO) latest Goods Trade Barometer global merchandise trade was steady but below the recent trend line, suggesting that global goods trade continued to grow in the second quarter of 2022 but that the pace of growth was slower than in Q1 and is likely to remain weak in the […]
WTO members show restraint in trade-restrictive measures despite economic uncertainty
Members of the World Trade Organization (WTO) continued to exercise restraint in imposing trade restrictions according to the WTO Director-General’s mid-year report on trade-related developments covering mid-October 2021 to mid-May 202.
WTO publishes 2022 edition of World Tariff Profiles
The World Trade Organization (WTO) published the 2022 edition of World Tariff Profiles, which provides comprehensive information on the tariffs and non-tariff measures imposed by over 170 countries and customs territories.
As Ukraine conflict and COVID-19 weigh on trade the WTO’s Goods barometer remains flat
According to the latest World Trade Organization’s (WTO) Goods Trade Barometer the conflict in Ukraine and recent pandemic-related lockdowns in China appear to be dampening global goods trade in the first half of 2022.
WTO members commit to negotiate dispute settlement reform
At a meeting of the World Trade Organization’s (WTO) Dispute Settlement Body on April 27 members expressed their commitment to engage in discussions on reform of the WTO’s dispute settlement system.
WTO registers member countries’ import licensing procedures
At a meeting of the World Trade Organization’s (WTO) Committee on Import Licensing Procedures on April 8, 2022 members reviewed 69 notifications, discussed several specific trade concerns about import licensing regimes.