WTO

Brazil upholds block to four-year WTO-wide e-commerce moratorium extension

They have resisted proposals of a substantive workplan on reforms

Ngozi Okonjo-Iweala says the old world order had gone for good

USTR has already rejected one proposal for reforming the WTO

The panel’s report recommended the United States withdraw the measures under the Inflation Reduction Act by Oct 1, 2026

But he adds that ministers meeting in Cameroon should agree on a framework to move forward

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

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

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