GFM Network News

WTO Head Says Trade Restrictions Mounting

International commerce risks being strangled by a gradual buildup of restrictions that could undermine policies to revive the world economy, the head of the World Trade Organization (WTO) said March 26. WTO Director General Pascal Lamy said there were no signs of an imminent descent into intense tit-for-tat protectionism. “The danger today is of an

U. S. Trade Agenda More Diplomatic

Developing coun-tries have high hopes that President Barack Obama’s readiness to work with other nations could clear the way for a deal in the World Trade Organization’s (WTO) long-running Doha trade talks. But the reality of tackling the global crisis, as the United States seeks new export markets and poor countries push for a deal

WTO Members Warn On Emerging Protectionism

“I think everybody expects things to get worse before they get better.” – RICHARD EGLIN, WTO TRADE POLICIES REVIEW DIVISION The risk of a global lurch into protectionism is getting worse, though trade measures taken to tackle the financial crisis have not seriously fuelled it so far, World Trade Organization (WTO) members agreed Feb. 9.

Instability feared without world trade deal

“If we don’t buy all that stuff from China, they’re not going to buy it themselves, no matter how much the government spends.” – Economist Richard Baldwin World Trade Organization (WTO) members need to lock in existing levels of liberalization rather than pushing for further gains, or they jeopardize a Doha trade agreement and risk

WTO diplomats push for trade deal — again

Trade negotiators will step up work for a new global pact following a call from the weekend G20 summit but have not agreed on a date for ministers to come to Geneva to seek a breakthrough, diplomats said Nov. 17. Leaders of the G20 group of major rich and emerging economies agreed recently to try

Brazil urges Doha deal before Obama start

Brazil wants a broad deal in the long-running Doha round to open up world trade to be concluded before U. S. President-elect Barack Obama takes office in January. Foreign Minister Celso Amorim told Reuters Nov. 5 that reaching a deal in the trade talks would send a powerful counter-cyclical signal to a world economy bludgeoned