Latest News
Korea contributes USD 1 million to WTO fisheries funding
By Globe Banner | Feb 25, 2024
The World Trade Organization (WTO) has announced that the Republic of Korea has pledged USD 1 million to support the implementation of the Agreement on Fisheries Subsidies for developing members and least-developed country (LDC) members. The contribution was made by Inkyo Cheong, Trade Minister of the Republic of Korea, to WTO Director-General Ngozi Okonjo-Iweala.
Haiti accepts Fisheries Subsidies Agreement
By Globe Banner | Feb 22, 2024
The World Trade Organization (WTO) has confirmed that Haiti has officially accepted the Agreement on Fisheries Subsidies. The acceptance was formalized by Ambassador Justin Viard, who presented Haiti's instrument of acceptance to WTO Director-General Ngozi Okonjo-Iweala. This brings the total number of WTO members who have ratified the agreement to 61.
Finland contributes EUR 1.2 million to WTO trust funds for developing economies
By Globe Banner | Feb 13, 2024
The World Trade Organization (WTO) has declared that Finland is contributing EUR 1.2 million (CHF 1.14 million) to four WTO trust funds. These funds are designed to assist developing economies and least-developed country (LDC) members in enhancing their understanding and application of global trade regulations. Over the past two decades, Finland has donated approximately CHF 17.4 million (around EUR 18 million) to various WTO trust funds.
Cabo Verde officially accepts Agreement on Fisheries Subsidies
By Globe Banner | Feb 5, 2024
The World Trade Organization (WTO) has declared that Cabo Verde has officially accepted the Agreement on Fisheries Subsidies by depositing its instrument of acceptance. This act by Cabo Verde brings the total number of WTO members who have ratified the Agreement to 56.
Portugal contributes Eur 50,000 to WTO fisheries funding
By Globe Banner | Jan 25, 2024
The World Trade Organization (WTO) has announced that Portugal pledged EUR 50,000 to support the implementation of the Agreement on Fisheries Subsidies for developing members and least-developed country (LDC) members. The contribution was presented by Ambassador Rui Macieira to WTO Director-General Ngozi Okonjo-Iweala.
Bhutan graduates from WTO Least Developed Countries work program
By Globe Banner | Dec 19, 2023
The World Trade Organization (WTO) has a work program specifically designed to assist countries designated as least developed by the United Nations. Until mid-December, Bhutan was one of the nations benefitting from this program.
WTO Young Professionals 2023 farewell ceremony
By Globe Banner | Dec 18, 2023
The World Trade Organization (WTO) has announced that this year, 17 young professionals were assigned to 13 divisions of the WTO Secretariat, gaining firsthand experience in various aspects of the organization's work. At the farewell ceremony marking the official closing of the 2023 program, WTO Director-General Ngozi Okonjo-Iweala congratulated and wished the young professionals well.
Miguel Pacheco joins Open Mineral Limited as Chief Financial Officer
By Globe Banner | Dec 17, 2023
Miguel Pacheco, a veteran in corporate finance, is set to assume the role of Chief Financial Officer (CFO) at Open Mineral Limited, an Abu Dhabi-based company. The firm anticipates that Pacheco's appointment will enhance its performance and standing.
World Trade Organization announces formal acceptances of the Agreement on Fisheries Subsidies
By Globe Banner | Dec 14, 2023
The Agreement on Fisheries Subsidies has welcomed two new parties, as representatives from the Gambia and the United Kingdom have recently submitted their instruments of acceptance.
Chile officially accepts Agreement on Fisheries Subsidies
By Globe Banner | Dec 14, 2023
The World Trade Organization (WTO) has announced that Chile has formally accepted the Agreement on Fisheries Subsidies by depositing its instrument of acceptance. This move by Chile adds to the total of 53 WTO members that have officially endorsed the Agreement.
The Gambia and UK accept Fisheries Subsidies Agreement with UK pledge to fund
By Globe Banner | Dec 14, 2023
The World Trade Organization (WTO) has announced that The Gambia and the United Kingdom have formally accepted the Agreement on Fisheries Subsidies by depositing their instruments of acceptance. In addition to this, the UK has expressed its intention to contribute up to GBP 1 million to the WTO Fisheries Funding Mechanism.
World Trade Organization, UN Food and Agriculture Organization sign Memorandum of Understanding at COP28
By Globe Banner | Dec 10, 2023
During the COP28, representatives from the World Trade Organization (WTO) and the United Nations Food and Agriculture Organization (FAO) signed an agreement to cooperate on food, agriculture, and climate-related issues.The memorandum outlines a plan of action for future initiatives in these critical areas.
Liechtenstein contributes CHF 40,000 to WTO Fisheries Funding Mechanism
By Globe Banner | Nov 26, 2023
The World Trade Organization (WTO) announced Liechtenstein has pledged CHF 40,000 to the WTO Fisheries Funding Mechanism as Ambassador Kurt Jäger presented this contribution to WTO Director-General Ngozi Okonjo-Iweala. The donation is to aid developing and least-developed members in implementing the Agreement on Fisheries Subsidies. This generous act reinforces Liechtenstein's commitment towards global sustainability and international cooperation.
Starbucks workers stage walk out on Red Cup day
By Globe Banner | Nov 15, 2023
BBC reports that Starbucks Workers United is planning to walk out of numerous stores on Thursday, one of Starbuck's busiest days of the year, 'Red Cup' day.
World Trade Organization announces €2 million contribution from Spain for WTO Fisheries Funding Mechanism
By Globe Banner | Nov 14, 2023
The World Trade Organization (WTO) announced Spain has pledged a donation of EUR 2 million to the WTO Fisheries Funding Mechanism, aiding developing and least-developed countries in implementing the Agreement on Fisheries Subsidies. The contribution was presented to WTO Director-General Ngozi Okonjo-Iweala by Secretary of State for Trade Xiana Méndez, according to a press release by WTO.
Spain contributes €2 million to WTO Fisheries Funding Mechanism
By Globe Banner | Nov 13, 2023
The World Trade Organization (WTO) announced Spain has pledged a donation of EUR 2 million to the WTO Fisheries Funding Mechanism, aiding developing and least-developed countries in implementing the Agreement on Fisheries Subsidies. The contribution was presented to WTO Director-General Ngozi Okonjo-Iweala by Secretary of State for Trade Xiana Méndez, according to a press release by WTO.
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.