World Trade Organization
Recent News About World Trade Organization
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World Trade Organization members endorse Timor-Leste's WTO accession package
The World Trade Organization (WTO) is set to approve the accession package for Timor-Leste’s membership, marking a significant step for one of the WTO's least developed countries. A formal decision on this matter is anticipated in the coming month.
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WTO releases 'Global Trade Outlook and Statistics' October 2023 update
The World Trade Organization (WTO) has released its 'Global Trade Outlook and Statistics' update for October 2023, revealing a downward revision in trade growth forecasts due to a global manufacturing slowdown that began in Q4 2022. While the outlook for 2023 has been scaled back, economists maintain a more optimistic view for trade in 2024, according to the report released by the WTO.
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WTO: China accepts Agreement on Fisheries Subsidies
The World Trade Organization (WTO) announced on Aug. 21 that Hong Kong, China submitted its formal acceptance of the Agreement on Fisheries Subsidies, according to a press release. Drew Lai, acting permanent representative, handed over Hong Kong, China's acceptance instrument to Director-General Ngozi Okonjo-Iweala, marking the 16th acceptance received by the WTO.
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Okonjo-Iweala: 'I am very grateful to Sweden for their contribution to the WTO Fisheries Funding Mechanism'
On July 27, 2023, the World Trade Organization (WTO) announced that the government of Sweden has pledged SEK 5 million (approximately CHF 500,000) to the WTO Fisheries Funding Mechanism. This contribution is aimed at supporting developing members in implementing the Agreement on Fisheries Subsidies according to a press release by WTO.
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Ukraine formally accepts Agreement on Fisheries Subsidies: 'I’m extremely pleased to receive Ukraine's formal acceptance of the WTO's Agreement on Fisheries Subsidies in the face of such extraordinary challenges'
On Aug. 17, the World Trade Organization (WTO) announced that Ukraine has officially submitted its instrument of acceptance for the Agreement on Fisheries Subsidies. WTO Director-General Dr. Ngozi Okonjo-Iweala received Ukraine's instrument from Deputy Prime Minister and Minister of Economy Yuliia Svyrydenko during a visit to Kyiv.
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Regional trade course underway in Trinidad and Tobago 'will place a specific focus' on trade and linkages, WTO Deputy Director-General says
An ongoing regional trade policy course underway, hosted in Trinidad and Tobago, will provide participants with specific training about the international trading system, World Trade Organization (WTO) Director-General Xiangchen Zhang said in a statement
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Okonjo-Iweala: 'I am delighted to welcome China's formal acceptance of the Agreement on Fisheries Subsidies'
On June 27, Director-General Ngozi Okonjo-Iweala welcomed China's formal acceptance of the Agreement on Fisheries Subsidies.
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Okonjo-Iweala: 'I welcome Japan's formal acceptance of the Agreement on Fisheries Subsidies'
The World Trade Organization recently announce that Japan formally accepted the Agreement on Fisheries Subsidies which signifies the country's commitment to addressing harmful subsidies and also promoting sustainable fishing practices.
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Okonjo-Iweala: 'I warmly welcome Peru's formal acceptance of the WTO Agreement on Fisheries Subsidies'
Peru formally accepted the World Trade Organization’s Agreement on Fisheries Subsidies on July 19.
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Okonjo-Iweala: 'It is imperative that we establish the conditions and provide the support necessary for African countries to overcome the challenges'
World Trade Organization Director-General Ngozi Okonjo-Iweala recently spoke at the launch of a joint WTO-World Bank policy called "Turning digital trade into a catalyst for African development." According to a July 21 release by the World Trade Organization (WTO), her remarks were focused on the potential of digital trade being a catalyst for inclusive economic growth and sustainable development.
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Okonjo-Iweala: 'I am grateful to Gabon for its formal acceptance of the WTO Agreement on Fisheries Subsidies'
On July 12, 2023, Gabon officially accepted the Agreement on Fisheries Subsidies, becoming the third African country to do so. Ambassador Mireille Sarah Nzenze presented Gabon's instrument of acceptance to Director-General Ngozi Okonjo-Iweala, according to a press release by the World Trade Organization (WTO).
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WTO's Okonjo-Iweala: 'I am delighted to welcome China's formal acceptance of the Agreement on Fisheries Subsidies'
The World Trade Organization (WTO) recently announced that China has formally accepted the Agreement on Fisheries Subsidies.
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Okonjo-Iweala: 'I am delighted to welcome China's formal acceptance of the Agreement on Fisheries Subsidies'
On June 27, 2023, China formally accepted the Agreement on Fisheries Subsidies which signifies China's commitment to addressing harmful subsidies and promoting sustainable fishing practices on a global scale. Director-General Ngozi Okonjo-Iweala welcomed China's formal acceptance of the Agreement.
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Okonjo-Iweala: 'Projects like those proposed for this championship can make a difference'
On MSME Day, celebrated on June 27, 2023, the Informal Working Group on Micro, Small and Medium-sized Enterprises (MSMEs) announced three small business champions. Director-General Ngozi Okonjo-Iweala recognized the significant potential of the projects presented during the championship, emphasizing their capacity to make a substantial difference.
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Okonjo-Iweala: 'The trade disruptions caused by the shocks of the past three years have pushed economic security to the forefront'
The World Trade Organization Trade Monitoring Report on G20 trade measures was issued July 4.
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Okonjo-Iweala: 'The future of trade is services, digital and green — and it must be inclusive'
The World Trade Organization (WTO) and the World Bank recently launched a joint publication that highlighted the rapid expansion of services exports in developing economies, which surpassed the global average growth rate in the past two decades. The publication also emphasized the need for further efforts to fully harness the potential of services trade in promoting development.
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WTO Ecuador Ambassador Valencia: 'We must accept the potentially transformative power of trade'
World Trade Organization (WTO) Committee on Trade and Environment (CTE) Chair and Ecuador Ambassador José Valencia noted the power that trade policies could have over ecology-related world issues
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WTO Deputy Director-General Zhang: 'We all want the WTO to do more in helping LDCs'
World Trade Organization (WTO) Deputy Director-General Xiangchen Zhang expressed his desire for the WTO to better support the trading capabilities of least developed countries.
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WTO Japan Ambassador Yamazaki: 'I believe one of the virtues of the WTO is a broader membership'
World Trade Organization (WTO) co-conveners from Japan, Australia and Singapore stressed the importance of maintaining the momentum made in negotiations during a WTO conference held from June 19 - 22 according to a press release published by the WTO on Thursday.
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WTO Director-General: 'France’s contribution symbolizes our ongoing commitment to these negotiations'
The French government has pledged EUR 1 million to the World Trade Organization (WTO) Fisheries Funding Mechanism according to a press release published by the WTO on Friday.