Tag: WTO

April 8, 2020

‘Global trade will plunge by up to a third in 2020’

Global trade growth is expected to plummet by up to a third in 2020 due to the coronavirus pandemic, the World Trade Organisation (WTO) said on Wednesday, warning that the numbers would be “ugly”. “World trade is expected to fall by between 13 per cent and 32 per cent in 2020 as the Covid-19 pandemic disrupts normal economic activity and life around the world,” the […]

February 13, 2020

US ends WTO subsidy perks for India, China, others

US has narrowed its internal list of developing and least-developed countries in order to reduce the threshold for triggering a probe into whether nations are harming US industries with unfairly subsidized exports, according to a US Trade Representative notice. In doing so, US eliminated its special preferences for a list of self-declared developing countries that includes India and China.