close
This ad will auto close in 10 seconds
WTO sees up to $3.6 trillion boost to trade from deal to cut red tape

WTO sees up to $3.6 trillion boost to trade from deal to cut red tape

The benefits of a treaty that will cut red tape at borders and standardize customs procedures are much larger than previously thought and could add $3.6 trillion to annual global exports, the World Trade Organization (WTO) said in a report on Monday.

WTO members try to seal trillion-dollar IT trade deal

World Trade Organization (WTO) members met in Geneva on Friday trying to finalise a deal to cut tariffs on $1 trillion of information technology products from video games to medical equipment.

WTO welcomes Seychelles as its 161st member

 The World Trade Organisation (WTO) on Monday welcomed Seychelles as its 161st member, ending 20 years of negotiating its accession terms.

Indo-US deal could lead to global trade deal within 2 weeks: WTO

A day after a breakthrough deal between India and the US on food security related issues, the WTO on Friday said there was a "high probability" of reaching an agreement within two weeks on the stalled Bali package to facilitate easier global trade flows.

India-US breakthrough on WTO hailed as 'win-win' situation

The resolution of a row between India and the US over food subsidies was Friday hailed as a "win-win" situation by leading industrialised countries -- Japan, the EU and the UK -- who expressed confidence that a landmark global trade pact stalled for months can now move forward.

'A few WTO nations can't go ahead without solving food issue'

India on Sunday made it clear that a few nations cannot move ahead with WTO trade pact without resolving the crucial food security issue and the matter needs consensus.

Permanent solution on food security in WTO rules is must: India

Narang stressed that the issue of food security must be taken forward in the WTO in the same time frame as other decisions taken in Bali such as trade facilitation.

Roberto Azevedo asks for ideas as WTO hits a brick wall

World Trade Organization chief Roberto Azevedo will begin consulting with WTO ambassadors on Wednesday to try to work out how to pick up the pieces after global trade negotiations appeared to suffer a final defeat on Tuesday.

WTO talks inconclusive as India sticks to its stand on global deal

With India sticking to its tough stand, efforts to break the impasse in the WTO on trade facilitation agreement and food security issues on Tuesday proved futile and further consultations will continue over the week.

WTO's Bali package is at risk; future uncertain: Roberto Azevedo

WTO chief Roberto Azevedo Monday expressed serious concerns over the fate of Bali package, saying the deal is "at risk" and the future seems "uncertain".

Failure to clinch global customs deal could affect other talks: WTO

Late last month, India torpedoed a deal to simplify, standardize and streamline the rules for shipping goods across borders, know as "trade facilitation".

Kerry tells India refusal to sign WTO deal sends wrong signal

A World Trade Organisation pact to ease trade collapsed on Thursday over India`s demands for concessions on agricultural stockpiling.

India says it is committed to TFA; WTO talks fail

Last night, the 160-member World Trade Organization (WTO) at Geneva failed to agree on a global customs pact popularly called as the Trade Facilitation Agreement (TFA).

US blames India for collapse of TFA talks

India has been maintaining that it would not adopt the protocol on the TFA until a permanent solution is found on the public stock holding for food security purposes.

Disappointment, uncertainty after India blocks WTO trade deal

Several member states of the WTO voiced frustration after India`s demands led to the collapse of the first major global trade reform pact in two decades.

India's demands block $1 trillion WTO deal on customs rules

The World Trade Organization deal was blocked by India`s demands for concessions on agricultural stockpiling.

Hectic parleys on to find a solution to WTO impasse

With the deadline to ratify the WTO Trade Facilitation Agreement nearing, hectic parleys are on in Geneva to resolve issues between developed countries and emerging economies, including India.

WTO should capitalise on success of Bali meeting: Sharma

India wants the WTO to capitalise on the success of the ministerial meeting in Bali and move ahead with the Doha development agenda for a global trade deal.

WTO overcomes last minute hitch to reach its first ever trade deal

The approval came after Cuba dropped a last-gasp threat to veto the package of measures.

Global trade deal seen "very close", India makes WTO sweat

Just a day earlier, a deal that would add hundreds of billions of dollars to the world economy by some estimates teetered on the brink of collapse.