WTO

WTO chief urges US, China to de-escalate trade war

Ngozi Okonjo-Iweala warned it risks long-term hit to global growth

For 2025, the WTO upgraded its forecast for global trade volume growth to 2.4%, from 0.9% previously.

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

It marks a significant revision down from its previous estimate in August of 1.8% growth

The EU has imposed the duties, ranging from 8% to 18%, since 2019.

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

The case joins a string of disputes over biodiesel tariffs and palm oil’s link to deforestation

“China’s decision reflects a commitment to a more balanced and equitable global trading system," says WTO chief Ngozi Okonjo-Iweala.

WTO says China decision to forego special treatment aids fair trade

China says it is behaving as “a responsible major developing country”

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

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

New rules in digital, green and AI economies are key as the World Trade Organization’s core principles are being eroded

Indonesia brought its complaint to the WTO in 2023, alleging the EU’s imposition of duties on imports of its biodiesel broke the body’s rules.

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

The European Union has imposed countervailing duties of 8% to 18% since 2019

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

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

WTO is sidelined by the Trump administration and risks becoming irrelevant

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.

WTO slashes 2025 trade growth forecast, warns of deeper slump

It says further US tariffs and spillover effects could lead to the heaviest slump since the height of the Covid pandemic

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.

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

[GENEVA] The World Trade Organization chief said on Wednesday the US-China tariff war could reduce trade in goods between the two economic giants by 80 per cent, pulling down the rest of the world eco...

China says the new tariffs blatantly violate WTO rules.

China files complaint with WTO over new US tariffs

China announced retaliatory additional tariffs of 34% on US goods