As many as 57 members of the World Trade Organization (WTO) have supported India’s proposal for Trade-Related Aspects of Intellectual Property Rights (TRIPS) waiver on Covid-19 vaccines, said Union Minister of Railways Piyush Goyal on Thursday. Speaking at the sixth edition of the International Conference on Pharmaceuticals and Medical Devices Industry – ‘India 2021 and […]
Global trade, devastated by the coronavirus crisis, will shrink by less than expected this year but the rebound will also be much weaker than previously forecast, the WTO said on Tuesday. Revising its prior “optimistic scenario” forecast of at least a 12.9-percent contraction in 2020, the World Trade Organization said it now expected global trade […]
The World Trade Organization cut its global trade growth forecast for this year to the weakest level in a decade, warning that further rounds of tariffs in an environment of heightened uncertainty could spark a “destructive cycle of recrimination.”
Separate reports suggest that the United States is poised to win its long-running trade dispute with EU countries over alleged subsidies for Airbus.
If confirmed, Washington will be allowed to hit the EU with billions in tariffs on several European exports.
The European Union has its own similar case underway, accusing the U.S. of illegally aiding Boeing.
China on Monday lodged a case against the US with the World Trade Organisation (WTO) over the import duties.
