The Business Times

WTO

Global Enterprise

WTO downgrades global trade growth forecast to 0.5% for next year

The case joins a string of disputes over biodiesel tariffs and palm oil’s link to deforestation, even as the EU and Indonesia finalised negotiations on a free trade deal last month.
ASEAN Business

Indonesia regrets EU’s move to appeal on WTO biodiesel ruling

epa11841709 Director-General of the World Trade Organization (WTO), Ngozi Okonjo-Iweala, speaks during a plenary session in the Congress Hall during the 55th annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, 21 January 2025. The World Economic Forum annual meeting brings together entrepreneurs, scientists, and corporate and political leaders in Davos and takes place from January 20 to 24. EPA-EFE/MICHAEL BUHOLZER
International

WTO says China decision to forego special treatment aids fair trade

Deputy Prime Minister Gan Kim Yong emphasised the importance of deeper and more flexible cooperation between multiple economies.
Global Enterprise

As WTO struggles, plurilateral agreements can act as ‘pathfinders’: Gan Kim Yong

The finding can be appealed, but no final ruling is possible since the WTO’s top appeals court is no longer operational.
ASEAN Business

Indonesia urges EU to remove countervailing duty on biodiesel after WTO ruling

Preventing members from blocking decisions is now the top priority in reform talks.
International

WTO overhaul targets fairer trade, easier decision-making to end paralysis

The WTO expects trade in goods to fall by 0.2 per cent this year, down from its expectation in October of 3.0 per cent expansion.
International

WTO slashes 2025 trade growth forecast, warns of deeper slump

WTO director general Ngozi Okonjo-Iweala warned that the world economy risked breaking into two blocs, one centred around the United States and the other China.
Global Enterprise

US-China tariff war could cut trade between the two by 80%: WTO chief

FILE PHOTO: A logo is seen at the World Trade Organization (WTO) headquarters before a news conference in Geneva, Switzerland, October 5, 2022. REUTERS/Denis Balibouse/File Photo
International

China files complaint with WTO over new US tariffs

“Canada initiated dispute proceedings yesterday against the US at the WTO on the additional tariffs”, following a similar complaint filed by Beijing over fresh US levies on Chinese goods.
International

Canada files WTO complaint against US tariffs

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