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.
GENEVA, July 22 (Reuters) – Global foreign direct investment
(FDI) flows will steady this year and rise further in 2011-12 as
cross-border mergers by multinational companies pick up on
growing business confidence, a United Nations agency said.
FDI, on which many developing countries rely to finance
their economies, will rise to $1.3-1.5 trillion in 2011 and
towards $1.6-2.0 trillion in 2012 from $1.2 trillion this year,
the U.N. Conference on Trade and Development (UNCTAD) said.
GENEVA, July 21 (Reuters) – The European Union said it will
appeal on Wednesday against a World Trade Organization ruling
condemning its subsidies for Airbus (EAD.PA: Quote, Profile, Research, Stock Buzz), prolonging a
dispute with the United States for at least several more months.
An EU source close to the case said Brussels would hand in
its appeal shortly before a special session of the WTO’s dispute
GENEVA, July 16 (Reuters) – Trade is moving back up the U.S.
political agenda and there is scope to reach a deal next year in
the long-running Doha round and other stalled trade
negotiations, industry lobbyists said on Friday.
But to get the backing of business, a Doha agreement must be
more ambitious than what is currently on the table, said
Christopher Wenk, senior director for international policy at
the U.S. Chamber of Commerce.
GENEVA (Reuters) – Trading powers are putting forward news ideas on breaking down barriers to global commerce, indicating progress is possible in a key area of world trade negotiations, the diplomat chairing the talks said on Thursday.
Both developed and developing countries took part in a week of meetings on non-tariff barriers — obstacles to exports and imports besides import duties, said Luzius Wasescha, Switzerland’s ambassador to the World Trade Organisation.