GENEVA (Reuters) – The World Trade Organization’s top court upheld on Friday some Chinese objections to a ruling that had backed the right of the United States to impose extra duties on Chinese goods that Washington said unfairly priced and subsidized.
In particular the appellate body supported China’s argument — rejected by the original dispute panel — that the imposition of such a double penalty broke WTO trade rules.
WTO appellate body backs some China claims in U.S. duties case , condemns double antidumping/countervailing duty penalty
GENEVA (Reuters Life!) – A new production in Geneva of Christoph Willibald Gluck’s 18th century opera Orphee, directed by Swedish choreographer Mats Ek, uses modern ballet to bring out its message of the redeeming power of music.
The production, based on a version first seen in Stockholm in 2004, draws on a modern staging to recreate the revolutionary impact of the opera, premiered in 1762.
GENEVA (Reuters) – Sizeable gaps remain in talks on a world trade deal and nations must redouble their efforts to have any hope of meeting their deadline of this year to complete the long-running Doha round, trade diplomats said on Tuesday.
At a meeting of the World Trade Organization to review the decade-old Doha talks, many countries said the negotiations were making progress on technical details but what was needed was a deal to create real market access for exporters.
GENEVA, March 2 (Reuters) – Businesses are not working hard
enough to get a new world trade agreement even though the
so-called Doha deal is in their interest and is attainable,
former EU trade chief Leon Brittan said on Wednesday.
Brittan, who is trade adviser to British Prime Minister
David Cameron, said he was optimistic a Doha deal could be done
this year, as called for by world leaders, but failure to do so
in 2011 would mean the trade pact would never be concluded.
As European trade commissioner, Brittan played a key role in
negotiations on the previous trade agreement, the Uruguay round
completed in 1994, and in setting up the World Trade
GENEVA (Reuters) – Global airline net profits will halve this year as rising costs, especially oil prices, offset increasing demand, the industry body IATA said on Wednesday.
The result would be a net profit margin this year of only 1.4 percent — dismissed by IATA Director-General Giovanni Bisignani as more worthy of a charity than an industry — down from 2.9 percent in 2010.
GENEVA, March 2 (Reuters) – Global airline net profits will
halve this year as rising costs, especially oil prices, offset
increasing demand, the industry body IATA said on Wednesday.
The result would be a net profit margin this year of only
1.4 percent — dismissed by IATA Director-General Giovanni
Bisignani as more worthy of a charity than an industry — down
from 2.9 percent in 2010.
GENEVA, Feb 23 (Reuters) – International trade volumes
exceeded pre-crisis levels for the first time in December, and
global trade expanded by a record 15.1 percent in the whole of
2010, the Dutch CPB economic institute said on Wednesday.
The data were further evidence of a buoyant global economy,
with the full-year expansion in trade more than compensating for
the 13.0 percent contraction in 2009 in the wake of the
financial crisis, it said in its monthly world trade monitor.