GENEVA (Reuters) – New data on trade finance show the traditional loan instruments are almost risk-free, raising hopes that regulators will relax their treatment and spur world economic recovery, a banking official said on Wednesday.
Trade finance is the lifeblood of global commerce, underpinning 80-90 percent of the $12-13 trillion in merchandise exports shipped around the globe each year.
GENEVA (Reuters) – Trading powers are in a final push to liberalise the market for purchases by public authorities worth hundreds of billions of dollars a year as they seek to lock China into the global procurement system.
The talks are separate to the World Trade Organization’s long-running Doha round to free up global trade but could arguably have a much bigger impact on businesses.
GENEVA, Oct 8 (Reuters) – Talks to curb fisheries subsidies
have taken on new life, negotiators said on Friday, boding well
for efforts to revive depleted global fish stocks and reach a
deal to open up world trade.
Trade diplomats said that differences in the fisheries talks
at the World Trade Organization remained wide, but countries
were working hard to find ways of bridging the gaps.
GENEVA/WASHINGTON, Oct 6 (Reuters) – Countries negotiating a
treaty to fight global trade in pirated goods released the text
of a 99-percent complete draft of the pact on Wednesday.
“We are at the final stage — about to cross the finishing
line,” said a European Union official close to the talks, who
asked not to be named.
GENEVA (Reuters) – The United Nations released a controversial report Friday documenting hundreds of atrocities in the Democratic Republic of Congo and suggesting ways to end the climate of near-total impunity for the violence.
The report is an attempt to cover rights abuses in the former Zaire between 1993 and 2003, in which tens of thousands of people were killed and many others raped, mutilated or otherwise victimized.
GENEVA, Sept 29 (Reuters) – U.S. measures that effectively
banned imports of Chinese cooked chicken broke international
trade rules and caused injury to China’s economy, a World Trade
Organization dispute panel said on Wednesday.
The U.S. measures challenged by China were unscientific and
discriminatory, the panel found.
GENEVA (Reuters) – The World Trade Organization called on Wednesday on the United States — criticized by many trade partners for a lack of interest in trade policy — to show leadership in global commerce.
In a two-yearly review of U.S. trade policy, part of a regular survey of all 153 members, the global trade referee urged the United States to show leadership in the fight against protectionism by opening up further to trade and investment.
GENEVA (Reuters) – Rebel groups in the Democratic Republic of Congo (DRC) responsible for hundreds of violent rapes are not being brought to justice in the vast, lawless country, United Nations officials said Friday.
A report by the U.N. human rights office in Congo pointed to serious shortcomings by the Congolese army and police and said their failure to prevent or stop the attacks was compounded by further failings in the U.N. peacekeepers in Congo, known as MONUSCO.