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WTO releases 'Global Trade Outlook and Statistics' October 2023 update
By Globe Banner | Oct 12, 2023
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.
TikTok Shop changes the landscape of online apparel shopping
By Globe Banner | Oct 11, 2023
Research And Markets released a report on online apparel shops, revealing that TikTok's new online shop is booming with its innovative and strategic marketplace.
Binance, Chainalysis event highlights importance of collaboration and compliance to prevent cybercrime
By Globe Banner | Oct 6, 2023
Binance, the largest cryptocurrency exchange in the world, and Chainalysis, a blockchain analytics firm, recently co-hosted an event titled "Securing the Future of Crypto" in Seoul. The event highlighted the importance of collaboration between public and private sectors to prevent crimes related to digital assets. Members of the Korean National Police Agency (KNPA), who were in attendance, participated in the event.
Crypto giant Binance sells Russian business to CommEX
By Globe Banner | Sep 26, 2023
Binance, the largest cryptocurrency exchange in the world, announced that it is exiting Russia, selling that portion of its business to CommEX. The decision to sell the entirety of the exchange's Russian business was due to the fact that "operating in Russia is not compatible with Binance's compliance strategy," according to Binance Chief Compliance Officer Noah Perlman. Binance will continue to focus on the more than 100 other countries in which it operates.
Okonjo-Iweala: 'I am very grateful to Sweden for their contribution to the WTO Fisheries Funding Mechanism'
By Globe Banner Report | Aug 21, 2023
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.
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'
By Andy Nghiem | Aug 18, 2023
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.
Miller: “Partnering with SK Logistics is a remarkable opportunity for us to continue delivering world-class cold storage solutions in the Asia Pacific region”
By Globe Banner Report | Aug 13, 2023
Lineage Logistics, based in Novi, MI, has secured a joint venture arrangement with Hanoi-based cold-storage warehouse operator SK Logistics to expand its network in Southeast Asia, the company announced on Businesswire. The financial terms of the deal were not disclosed.
French yogurt maker Danone 'preparing to take all necessary measures to protect its rights as shareholder of Danone Russia'
By Globe Banner Report | Aug 4, 2023
French yogurt maker Danone has confirmed plans to resume with the deconsolidation of its Russia subsidiary while reporting its financial result for the first half of the year. The deconsolidation process is scheduled to begin in July.
Regional trade course underway in Trinidad and Tobago 'will place a specific focus' on trade and linkages, WTO Deputy Director-General says
By Globe Banner Report | Aug 3, 2023
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
Okonjo-Iweala: 'I am delighted to welcome China's formal acceptance of the Agreement on Fisheries Subsidies'
By Globe Banner Report | Aug 2, 2023
On June 27, Director-General Ngozi Okonjo-Iweala welcomed China's formal acceptance of the Agreement on Fisheries Subsidies.
Okonjo-Iweala: 'I welcome Japan's formal acceptance of the Agreement on Fisheries Subsidies'
By Globe Banner Report | Aug 1, 2023
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.
WTO's Okonjo-Iweala: Trade restrictions have 'pushed economic security to the forefront of policy discussions'
By Globe Banner Report | Jul 26, 2023
The World Trade Organization (WTO) issued its G20 Trade Monitoring Report on July 4, which found that, despite efforts to facilitate trade, further policy changes are needed to overcome the effects of inflation, the war in Ukraine and the after effects of COVID-19.
Okonjo-Iweala: 'I warmly welcome Peru's formal acceptance of the WTO Agreement on Fisheries Subsidies'
By Globe Banner Report | Jul 23, 2023
Peru formally accepted the World Trade Organization’s Agreement on Fisheries Subsidies on July 19.
AIT Worldwide Logistics expands to Dubai, the 'crossroads for global trade'
By Globe Banner Report | Jul 20, 2023
AIT Worldwide Logistics has expanded its operations to the Middle East with a new office in the United Arab Emirates’ Dubai. The company’s global network currently is made up of 110 offices around the world.
WTO's Okonjo-Iweala: 'I am delighted to welcome China's formal acceptance of the Agreement on Fisheries Subsidies'
By Globe Banner Report | Jul 18, 2023
The World Trade Organization (WTO) recently announced that China has formally accepted the Agreement on Fisheries Subsidies.
Okonjo-Iweala: 'The trade disruptions caused by the shocks of the past three years have pushed economic security to the forefront'
By Globe Banner Report | Jul 16, 2023
The World Trade Organization Trade Monitoring Report on G20 trade measures was issued July 4.
WTO Ecuador Ambassador Valencia: 'We must accept the potentially transformative power of trade'
By Globe Banner Report | Jul 8, 2023
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
WTO Deputy Director-General Zhang: 'We all want the WTO to do more in helping LDCs'
By Globe Banner Report | Jul 7, 2023
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.
WTO Japan Ambassador Yamazaki: 'I believe one of the virtues of the WTO is a broader membership'
By Globe Banner Report | Jul 6, 2023
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.
WTO Director-General: 'France’s contribution symbolizes our ongoing commitment to these negotiations'
By Globe Banner Report | Jul 5, 2023
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.