GENEVA, Aug 16 (Reuters) – A World Trade Organization panel
gave broad backing on Monday to the United States, Japan and
Taiwan in their complaint over European duties on electronics
products, and told Brussels to bring its trade measures into
line with international rules.
The panel said that 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
GENEVA, Aug 13 (Reuters) – Recent amendments from the Basel
Committee on banking regulation do not appear to meet the
concern of practitioners of trade finance that proposed new
rules could make the vital loans scarcer and more expensive.
Bankers and lawyers are still deciphering the revisions. But
several say they still have their work cut out to convince
regulators that the $10 trillion market, the lifeblood of global
trade, is much less risky than other forms of lending.
Russia’s ban on grain exports as a heat wave parches crops in the world’s third biggest wheat exporter has raised questions whether such export curbs break World Trade Organization rules. Russia is not a member of the WTO, and it remains to be seen how its new grain policy will affect its 17-year-old bid to join. But other grain exporters, such as Ukraine, which is also considering export curbs, are part of the global trade referee.
WTO rules are quite clear that members cannot interfere with imports and exports in a way that disrupts trade or discriminates against other members. But in practice most WTO rules aim to stop countries blocking imports – shutting out competitor’s goods to give their own domestic producers an unfair advantage.
GENEVA, Aug 9 (Reuters) – Australia’s decades-old
restrictions on imports of New Zealand apples break
international trade laws and should be amended, the World Trade
Organization said on Monday.
The WTO panel ruling should open the way for New Zealand to
resume sales of apples to its biggest trading partner after
nearly 90 years, and holds out the possibility of access to
other Asian markets where its apples are banned for similar
Like many trade disputes this one turned on health and
safety rules, which are vulnerable to being exploited by
domestic producers to ward off foreign competition.
GENEVA (Reuters) – The World Trade Organization called on Friday for countries to work together more closely in trade in natural resources — an area often seen as exempt from many international commerce rules.
Governments must cooperate more intensively to deal with the challenges for both importing and exporting countries in trade in natural resources, such as export restrictions and import tariffs, it said in its annual World Trade Report.