WTO sees record trade growth of 13.5 pct this year
GENEVA, Sept 20 (Reuters) – International trade will grow by
a record 13.5 percent this year, bouncing back from a dismal
2009 and signalling an improvement in economic activity around
the world, the World Trade Organization forecast on Monday.
The WTO had predicted in March that trade in merchandise
goods would rebound 10 percent this year as the world emerged
from recession but revised up its forecast because global trade
flows had recovered faster than expected so far this year.
EU claims victory in WTO case versus Boeing
GENEVA/PARIS, Sept 15 (Reuters) – The European Union said
on Wednesday it had won a victory against U.S. subsidies for
Boeing (BA.N: Quote, Profile, Research, Stock Buzz) that it hoped would set the stage for a
negotiated settlement that would allow European governments to
continue to help Airbus (EAD.PA: Quote, Profile, Research, Stock Buzz) develop new aircraft.
“This was a very thorough analysis which in fact supports
our view in this dispute,” EU Trade Commissioner Karel De Gucht
told Reuters during a visit to Argentina.
WTO raps Boeing subsidies – European source
GENEVA/PARIS (Reuters) – World Trade Organisation judges have found aircraft maker Boeing (BA.N: Quote, Profile, Research) received more than $20 billion (12.8 billion pounds) in U.S. government subsidies challenged by the European Union and called for them to be withdrawn, a European source said on Wednesday.
The confidential ruling, if confirmed, would add weight to European calls for a negotiated settlement to the trans-Atlantic row over the aerospace industry — the biggest bilateral trade dispute — following WTO condemnation in June of illegal European subsidies for Boeing rival Airbus (EAD.PA: Quote, Profile, Research).
WTO raps many Boeing subsidies: European source
GENEVA/PARIS (Reuters) – World Trade Organization judges have found aircraft maker Boeing received more than $20 billion in U.S. government subsidies challenged by the European Union and called for them to be withdrawn, a European source said on Wednesday.
The confidential ruling, if confirmed, would add weight to European calls for a negotiated settlement to the transatlantic row over the aerospace industry — the biggest bilateral trade dispute — following WTO condemnation in June of illegal European subsidies for Boeing rival Airbus.
WTO hands over confidential report on Boeing aid
GENEVA (Reuters) – The World Trade Organization delivered an interim ruling on Wednesday into the legality of U.S. government support for Boeing (BA.N: Quote, Profile, Research, Stock Buzz) which will help determine the outcome of a transatlantic aerospace industry row.
The confidential ruling, which will not be made public for another 6-12 months, was handed to officials of the United States and European Union, the two trading powers contesting the case.
Trade helped developing countries cut poverty – Lamy
GENEVA (Reuters) – The global trading system has helped developing countries fight poverty by preventing the rise of protectionism in the financial crisis, the head of the World Trade Organisation said Wednesday.
WTO Director-General Pascal Lamy said it was striking that emerging economies were now the most vociferous in calling for conclusion of the Doha round to open up world trade, as they stand to benefit further from a rewriting of global trade rules.
China’s world factory: little Christmas order cheer (#trade) http://link.reuters.com/baj78n
The Brazilians are coming — to a store near you (#trade) http://link.reuters.com/nyh78n
Australia must tighten mining, racism laws: U.N.
GENEVA (Reuters) – Australia must tighten rules governing the behavior of its companies, especially mining firms, toward indigenous people at home and abroad, a United Nations human rights body said on Friday.
The 18-member committee of independent experts on racism also told Australia to do more to integrate recent immigrants from Africa, Asia, the Middle East and other Muslim countries and tackle racism against indigenous people in Australia.
WTO raps EU tariffs on technology goods
GENEVA (Reuters) – A World Trade Organization panel gave broad backing on Monday to the United States, Japan and Taiwan in their complaint over controversial European duties on electronics products, and told Brussels to bring its trade measures into line with international rules.
The panel said the EU had imposed the duties on flat-panel displays, multifunction printers and television set-top boxes in violation of the WTO’s Information Technology Agreement.


