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.
GENEVA (Reuters) – Offshoring and outsourcing in services from call centres to accountancy and medicine have created good jobs in terms of pay and working hours in developing countries, according to a study published on Monday.
But the International Labour Organization (ILO) study found that improved work practices in the outsourcing industry could reduce excessive rates of staff turnover.
GENEVA (Reuters) – World Trade Organization judges gave the European Union a stinging rebuke on Wednesday, saying the EU must axe prohibited export subsidies to plane-maker Airbus (EAD.PA: Quote, Profile, Research, Stock Buzz) which had injured U.S. rival Boeing (BA.N: Quote, Profile, Research, Stock Buzz).
The WTO panel concluded Airbus had been able to launch a series of passenger jets only thanks to subsidies from the EU and member states Britain, France, Germany and Spain, without which it would be a very different and much weaker company.
GENEVA, June 30 (Reuters) – A World Trade Organization panel
has ruled that launch aid provided by four European governments
for airliners built by EADS (EAD.PA: Quote, Profile, Research, Stock Buzz) subsidiary Airbus is
illegal and must be remedied without delay, a senior lawyer for
rival Boeing (BA.N: Quote, Profile, Research, Stock Buzz) said.
The ruling, which according to Boeing particularly condemns
$4 billion in loans providing prohibited export subsidies for
the A380, means EU states cannot fund the new A350 model in the
same way, he said.
GENEVA, June 30 (Reuters) – A World Trade Organisation
report on aid for European planemaker Airbus (EAD.PA: Quote, Profile, Research, Stock Buzz) ARBU.UL,
expected to condemn the European Union for illegal subsidies,
will be published later on Wednesday, trade sources said.
The 1,000-page report was issued confidentially to the
European Union and United States in March, and sources familiar
with it said at the time a panel of WTO experts found some
payments challenged by the United States were prohibited export
subsidies and must be stopped within 90 days. [ID:nLDE62M20E]
GENEVA, June 27 (Reuters) – China has dismissed U.S. comments that Beijing is blocking a new trade agreement, saying that it was the United States that was stalling progress in the World Trade Organization’s long-running Doha round.
The angry comments, by China’s ambassador to