World Trade Organisation

It is a world where the founding principles of the WTO, which were based on equal treatment and protection for the less powerful, are visibly ebbing away.
THE BOTTOM LINE

In trade’s ‘law of the jungle’, the winners are clear

It is China and the US that prosper when power sets the terms for global commerce

ICC secretary-general John Denton says that restoring the WTO’s digital trade moratorium must be an immediate priority.

WTO talks end with no deal to extend e-commerce tariff ban

Without an agreement, the prohibition expires at the end of March

Since 1998, WTO members have agreed not to impose customs duties on electronic transmissions – the bits and bytes of the digital economy.

WTO Ministerial Conference 14: A tipping point for Singapore’s digital economy

The business community is looking for concrete progress on two digital trade issues – to keep innovation thriving

The standard shipping container, a steel box 12.2 m by 2.4 m in size, was invented by Malcolm McLean, who turbocharged its global adoption by letting its design be distributed patent-free.
PERSPECTIVE

Tariffs aren’t the biggest drag on global trade. Standards are

Product-safety and environmental rules have multiplied like an invasive species

By raising tariffs above the limits set in WTO agreements, the Trump administration has injected enormous uncertainty into the global trading system.
THE BOTTOM LINE

The case for a multilateral trade organisation without America

Joint action can protect open, rules-based commerce and counter the US’ divide-and-rule tactics

WTO deputy director-general Johanna Hill speaking at a media conference, where she said trends such as AI are reshaping the global economy and international trade.

AI to boost global trade by 40%; Singapore cited as regulatory model: WTO report

The Republic is highlighted as an example of how resource-constrained economies can effectively leverage AI by adapting existing open-weight models rather than developing proprietary ones from scratch

The global trading system is showing resilience.  World Trade Organization members have thus far avoided what could have been a bruising retaliatory trade war with the US.
PERSPECTIVE

A stress test for global trade

The WTO core still holds, but members must use this crisis to push reform

India, the world’s second-largest crude steel producer, told the WTO that Washington’s “safeguard measures” would affect US$7.6 billion worth of India-made products imported into the United States.

India proposes counter duties against US, notice to WTO shows

[NEW DELHI] India has proposed to levy import duties on some products made in the United States to counter Washington’s tariffs on steel and aluminium products produced in Asia’s No.3 economy, a notic...

Customs duties on electronic transmissions are not currently allowed under a moratorium that the WTO’s 164 members extended by consensus for two years at their ministerial meeting in the UAE in March.

WTO members signal progress on draft e-commerce deal

About half of the World Trade Organization’s (WTO) members reached a preliminary deal on e-commerce that would permanently ban tariffs on digital transactions that are zipping across borders at twice ...