Wednesday, 16 October 2024

World Trade Organization

The World Trade Organization (WTO) is an intergovernmental organization which regulates international trade. The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement, signed by 123 nations on 15 April 1994, replacing the General Agreement on Tariffs and Trade (GATT), which commenced in 1948. The WTO deals with regulation of trade between participating countries by providing a framework for negotiating trade agreements and a dispute resolution process aimed at enforcing participants' adherence to WTO agreements, which are signed by representatives of member governments and ratified by their parliaments. Most of the issues that the WTO focuses on derive from previous trade negotiations, especially from the Uruguay Round (1986–1994).

The WTO is attempting to complete negotiations on the Doha Development Round, which was launched in 2001 with an explicit focus on developing countries. As of June 2012, the future of the Doha Round remained uncertain: the work programme lists 21 subjects in which the original deadline of 1 January 2005 was missed, and the round is still incomplete. The conflict between free trade on industrial goods and services but retention of protectionism on farm subsidies to domestic agricultural sector (requested by developed countries) and the substantiation of fair trade on agricultural products (requested by developing countries) remain the major obstacles. This impasse has made it impossible to launch new WTO negotiations beyond the Doha Development Round. As a result, there have been an increasing number of bilateral free trade agreements between governments. As of July 2012, there were various negotiation groups in the WTO system for the current agricultural trade negotiation which is in the condition of stalemate.

This page contains text from Wikipedia, the Free Encyclopedia - https://wn.com/World_Trade_Organization

Latest News for: world trade centre

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Johnson Matthey opens new Engineering Centre in India

Hydrocarbon Engineering 16 Oct 2024

... makers across one of the fastest growing markets in the world.Harjinder Kang, His Majesty's Trade Commissioner for South Asia, and British Deputy High Commissioner for Western India, said.

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CM gives nod tomega conventioncentre in city

The Times of India 16 Oct 2024

Chief Minister Yogi Adityanath on Wednesday gave in-principle consent for the construction of an International Exhibition-cum-Convention Centre in Lucknow, which will feature world-class ...

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Xi says China willing to be a partner, friend with the US

The Jakarta Post 16 Oct 2024

Trade relations soured over the past year and have centred around issues including restrictions on electric vehicles and advanced semiconductors. .

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MARDI Set To Strengthen IP Management With TICS Membership

Malaysian National News Agency 16 Oct 2024

Domestic Trade and Cost of Living (KPDN) Minister Datuk Armizan Mohd Ali said TISC is a local centre developed by the World Intellectual Property ...

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Policy Address by Hong Kong SAR’s Chief Executive John Lee: Reform for Enhancing Development and ...

The Arabian Post 16 Oct 2024

Consolidate and enhance Hong Kong’s status as an international financial, shipping and trade centre ... In respect of the trade sector, the Government will establish a high-value-added supply chain service centre.

photo: AP / Doug Mills/The New York Times via AP, Pool, File

FILE - President Joe Biden, left, greets China's President President Xi Jinping in Woodside, Calif., Nov, 15, 2023. The United States sees Hong Kong's new national security law as a tool to potentially silence dissent both at home and abroad, but has tread carefully so far in responding, a disappointment to those fighting for democracy and freedoms in the Chinese territory.

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China willing to be friend, partner with US, says President Xi

The News International 16 Oct 2024

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DP World acquires 47,000 teus in boost to capacity and customer experience

Emirates 24/7 16 Oct 2024

DP World continues to focus on the strategic expansion of its assets and expertise, as part of its efforts to streamline the flow of trade, lower costs, and reduce environmental impact ... trade flow.

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Hosting 23rd SCO summit a milestone for Pakistan: Tarar

Urdu Point 16 Oct 2024

... China-Pakistan Friendship Centre ... </p><p> He said during these fruitful meetings cooperation in fields of industry, energy, agriculture and promotion trade were</p><p>discussed.

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Mayor’s US bid to generate multimillion-pound investment opportunities

The Business Desk 16 Oct 2024

Liverpool City Region Mayor, Steve Rotheram, aims to generate tens of millions of pounds of long term investment, trade and tourism for the region during a mission to the US, starting tomorrow (October 17).

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Improving the shipping of biological specimens to rapidly detect, diagnose and respond to disease outbreaks

World Health Organization 16 Oct 2024

This included 12 participants from the animal health sector and two from the public health sector (from the WHO National Influenza >Centre, Institute Pasteur de Dakar) ... FAO/WHO/WOAH Reference Centres, etc).

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Three Sharjah sites added to Islamic World Heritage List

Gulf News 16 Oct 2024

Dibba Al Hisn Fort, Fili Fort and Wadi Shees in Sharjah emirate have been added to the Islamic World Heritage List, it was revealed on Wednesday ... More ancient relics discovered in Abu Dhabi, point to long-distance trade UAE.

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RI start-ups need local presence in US to secure follow-up funding: VC firm

The Jakarta Post 16 Oct 2024

I ... Expand North Star 2024, which takes place from Oct. 13-16, is the world’s largest start-up and investment event, hosted by the Dubai Chamber of Digital Economy and organized by Dubai World Trade Centre (DWTC).

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Amb. Tirmizi assures Pakistani exhibitors full support in advancing business ventures in UAE

Urdu Point 16 Oct 2024

... back to Pakistan to strengthen our national economy,” he said during a meeting at the Dubai World Trade Centre to review the performance of Pakistani exhibitors participating in GITEX Global 2024.

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EAM signs eight outcome documents at SCO Council of Heads of Government meeting

Beijing News 16 Oct 2024

He also emphasised India's commitment to a rules-based, non-discriminatory, and open multilateral trading system, with the World Trade Organisation (WTO) highlighted as a core element as well as ...

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Administrative nod for intl convention centre near Rajaram lake

The Times of India 16 Oct 2024

State planning commission head Rajesh Kshirsagar said state govt has given the administrative approval for the international convention centre to be developed adjacent to the Rajaram lake near Kolhapur city.