G20 sees need for 'dialogue,' fails to defuse trade war threat

The world’s financial leaders rejected protectionism on Tuesday and urged “further dialogue” on trade, but failed to defuse the threat of a trade war days before U.S. metals tariffs take effect and Washington is to announce measures against China.

  • China Looks Into U.S. Energy Trade Policies

    HONG KONG — China’s ministry of commerce announced on Friday that it had opened an investigation into whether American subsidies and other policies in the solar, wind and hydroelectric sectors had unfairly hurt the industrial development of China’s renewable energy industries.

  • WTO To Examine Non-Tariff Barriers To Trade

    The World Trade Organisation (WTO) has launched a new discussion forum to gain members' input on tackling the issue of non-tariff barriers to global trade.

  • WTO Members Resisting Protectionism

    The World Trade Organisation has published its annual report on developments in the international trading environment, which comprehensively tracks measures implemented by nations over the past twelve months that restrict or liberalize global trade.

  • South Korea Finally Approves FTA With US

    South Korea’s ruling Grand National Party (GNP) has lost patience with the continued opposition of the Democratic Party (DP) and has pushed the South Korea–United States free trade agreement (KORUS FTA) through parliament using its absolute majority.

  • Indonesia plans to conduct moratorium on rubber exports

    Indonesian rubber board (Karindo) plans to temporarily stop shipping rubber overseas should the commodity prices keep falling to below 3 U.S. dollar per one kilogram to boost prices and prevent cancellation of purchasing- contract commitments done unilaterally by buyers, Aziz Pane, chairman of the board has said.

  • Russia, VN expected to sign FTA soon - Russian First Deputy Prime Minister Igor Shuvalov has announced that Russia and Vietnam are likely to sign an agreement on the establishment of a free trade area (FTA) next year.

  • Poor countries' food import bills soar under WTO rules

    FAO produces an excellent state of the world's agriculture twice a year called Food Outlook (in all 6 U.N. languages). The latest, just out last week, includes the following startling fact: "This year’s global food import bill is expected to approach $1.3 trillion USD, with the cost of food purchases for the Least Developed Countries (LDCs) soaring by over a third from last year."

  • Montenegro signs FTA with Ukraine, expects to join WTO soon

    Montenegro’s Economy Minister Vladimir Kavarić and his Ukrainian counterpart Andrii Klyuyev signed today in Kyiv the free trade agreement between the two states, which will enable Montenegro to resume its accession negotiations with the World Trade Organisation (WTO) and join the organisation in the near future.