GENEVA (Reuters) – Protectionism is still a risk as unemployment remains high in many countries despite the recovery but it has so far not caused the serious damage that some feared, a World Trade Organization report will argue next week.
WTO Director-General Pascal Lamy has been reporting since early 2009 on trade measures by the WTO’s 153 members to monitor whether the financial crisis was leading to tit-for-tat steps of the kind that caused the 1930s Great Depression.
GENEVA, June 8 (Reuters) – Governments should reform
financial markets and keep stimulus packages in place rather
than being panicked into austerity measures that risk a second
recession, trade unionists and economists said on Tuesday.
John Evans, general-secretary of the Trade Union Advisory
Committee to the Organisation for Economic Cooperation and
Development (OECD), said unions were arguing that there could
not be a simple return to business as usual before the crisis.
GENEVA (Reuters) – The H1N1 pandemic is not yet over although its most intense activity has passed in many parts of the world, the World Health Organisation said on Thursday after a review of the flu outbreak by independent experts.
The WHO emergency committee, composed of 15 external advisers, said it remained critical for countries to maintain vigilance concerning the pandemic, including necessary public health measures for disease control and surveillance, WHO Director-General Margaret Chan said in a statement.
GENEVA (Reuters) – China’s curbs on exports of some raw materials to conserve resources may not meet the stated goals while giving Chinese manufacturers an unfair advantage, the World Trade Organization said on Monday.
The remarks, in a report prepared for China’s two-yearly trade policy review, constituted a rare comment by the WTO’s secretariat on a current dispute between members.
waiting for the #wto trade policy review report on China to be released in just over an hour
GENEVA (Reuters) – World Trade Organization members agree they must push on with difficult talks on a global trade deal, but November’s U.S. mid-term elections mean they are unlikely to bear fruit before next year.
The United States, ultimately the key to any pact, says that what is on the table after 8 years of talks on the Doha round is simply not compelling enough to attract support back home.
PARIS (Reuters) – Ministers from major trading powers decided on Thursday to redouble efforts for a deal in the stalled Doha round, arguing that opening up global trade would boost the world economy without hitting budgets.
They acknowledged the 8-1/2-year-old Doha round was at an impasse and that serious negotiations — away from the glare of the media and public diplomacy — were now needed to break the deadlock.