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World Trade Organization

01 Oct 2019

WTO slashes forecast for trade growth as conflicts mount

The WTO said it now expected global merchandise trade to increase by 1.2% this year, compared with its April estimate of 2.6%. That growth was 3.0% in 2018. For 2020, growth 2.7% is forecast, down from a previous estimate of 3.0%.

World Trade Organisation

22 Feb 2017

Deal to streamline world trade takes effect

The first multilateral trade agreement reached under the World Trade Organisation since it was created over a generation ago has taken force, aiming to streamline cross-border trade to the benefit of the developing world in particular.

09 Feb 2017

Food security: Team will visit Geneva for talks at WTO, says Nirmala Sitharaman

The commerce ministry will soon dispatch a team of officials to Geneva to speed up talks at WTO with an aim to find a permanent solution on food security.

24 Nov 2016

No 'indication' US will quit WTO under Donald Trump: Roberto Azevedo

The head of the World Trade Organization said Thursday he had had no indication the United States would move to leave the WTO under Donald Trump`s administration.

World Trade Organisation

09 Nov 2016

WTO chief says ready to work with Trump

Earlier this year, Trump called the WTO "a disaster" and repeatedly blasted global trade pacts throughout his campaign, claiming they had led to American job losses.

26 Oct 2015

WTO sees up to $3.6 trillion boost to trade from deal to cut red tape

The benefits of a treaty that will cut red tape at borders and standardize customs procedures are much larger than previously thought and could add $3.6 trillion to annual global exports, the World Trade Organization (WTO) said in a report on Monday.

24 Jul 2015

WTO members try to seal trillion-dollar IT trade deal

World Trade Organization (WTO) members met in Geneva on Friday trying to finalise a deal to cut tariffs on $1 trillion of information technology products from video games to medical equipment.

14 Nov 2014

Indo-US deal could lead to global trade deal within 2 weeks: WTO

A day after a breakthrough deal between India and the US on food security related issues, the WTO on Friday said there was a "high probability" of reaching an agreement within two weeks on the stalled Bali package to facilitate easier global trade flows.

14 Nov 2014

India-US breakthrough on WTO hailed as 'win-win' situation

The resolution of a row between India and the US over food subsidies was Friday hailed as a "win-win" situation by leading industrialised countries -- Japan, the EU and the UK -- who expressed confidence that a landmark global trade pact stalled for months can now move forward.

09 Nov 2014

'A few WTO nations can't go ahead without solving food issue'

India on Sunday made it clear that a few nations cannot move ahead with WTO trade pact without resolving the crucial food security issue and the matter needs consensus.

24 Oct 2014

Permanent solution on food security in WTO rules is must: India

Narang stressed that the issue of food security must be taken forward in the WTO in the same time frame as other decisions taken in Bali such as trade facilitation.

Roberto Azevedo

21 Oct 2014

Roberto Azevedo asks for ideas as WTO hits a brick wall

World Trade Organization chief Roberto Azevedo will begin consulting with WTO ambassadors on Wednesday to try to work out how to pick up the pieces after global trade negotiations appeared to suffer a final defeat on Tuesday.

21 Oct 2014

WTO talks inconclusive as India sticks to its stand on global deal

With India sticking to its tough stand, efforts to break the impasse in the WTO on trade facilitation agreement and food security issues on Tuesday proved futile and further consultations will continue over the week.

22 Sep 2014

WTO's Bali package is at risk; future uncertain: Roberto Azevedo

WTO chief Roberto Azevedo Monday expressed serious concerns over the fate of Bali package, saying the deal is "at risk" and the future seems "uncertain".

12 Aug 2014

Failure to clinch global customs deal could affect other talks: WTO

Late last month, India torpedoed a deal to simplify, standardize and streamline the rules for shipping goods across borders, know as "trade facilitation".

World Trade Organisation

01 Aug 2014

Kerry tells India refusal to sign WTO deal sends wrong signal

A World Trade Organisation pact to ease trade collapsed on Thursday over India`s demands for concessions on agricultural stockpiling.

World Trade Organisation

01 Aug 2014

India says it is committed to TFA; WTO talks fail

Last night, the 160-member World Trade Organization (WTO) at Geneva failed to agree on a global customs pact popularly called as the Trade Facilitation Agreement (TFA).

World Trade Organisation

01 Aug 2014

US blames India for collapse of TFA talks

India has been maintaining that it would not adopt the protocol on the TFA until a permanent solution is found on the public stock holding for food security purposes.

01 Aug 2014

Disappointment, uncertainty after India blocks WTO trade deal

Several member states of the WTO voiced frustration after India`s demands led to the collapse of the first major global trade reform pact in two decades.

World Trade Organisation

01 Aug 2014

India's demands block $1 trillion WTO deal on customs rules

The World Trade Organization deal was blocked by India`s demands for concessions on agricultural stockpiling.

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