Friday 28 November 2014
 
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WTO

WTO sees global trade pact within two weeks

The World Trade Organization said on Friday there was a "high probability" that a major deal on streamlining global customs rules will be implemented within two weeks after India and the US overcame a key impasse. "

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India-US deal paves way for $1 trillion world trade boost

India won US support for a massive domestic food stockpiling scheme on Thursday, rescuing the biggest global trade deal in two decades and giving new Prime Minister Narendra Modi a victory without major concessions. Under the pact

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India-US deal paves way for $1 trillion world trade boost

India won US support for a massive domestic food stockpiling scheme on Thursday, rescuing the biggest global trade deal in two decades and giving new Prime Minister Narendra Modi a victory without major concessions. Under the pact

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Bahrain boost as trade set to be streamlined

Bahrain is ready to enter into a new era of streamlined trade. The kingdom, following the signing of the World Trade Organisation (WTO) Agreement on Trade Facilitation in December 2013 in Bali, is preparing to enter into a new tra

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Global customs deal failure ‘could affect other talks’

Failure to reach a global customs rules deal could have a "considerable impact" on other areas of global trade negotiation, World Trade Organization Director-General Roberto Azevedo said on Monday during a visit to Mexico.

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World trade deal not dead says India

India is willing to sign a global trade deal, which it has torpedoed, if other World Trade Organization members can agree to its parallel demand for concessions on stockpiling food, senior officials in New Delhi said. The deadline

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WTO’s $1trn customs deal blocked by India’s demands

The World Trade Organization failed on Thursday to reach a deal to standardise customs rules, which would have been the first global trade reform in two decades but was blocked by India's demands for concessions on agricultural stockpiling.

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India threatens to derail WTO deal, US angry

India has threatened to block a worldwide reform of custom rules, which some estimates say could add $1 trillion to the global economy and create 21 million jobs, prompting a US warning that its demands could kill global trade reform efforts.

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World trade improves but 2014 ‘still below trend’

The World Trade Organization slightly raised its 2014 forecast for growth in global goods trade to 4.7 per cent on Monday, saying it did not expect a return to the historical trend level of 5.3 per cent until 2015. "If GDP fo

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Summit puts focus on multilateral trading issues

The "changing balance of power in the multilateral trading system" was the theme of high-level discussions that concluded in Bahrain yesterday. Organised by Bahrain-based International Institute for Strategic Studies (II

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