Browsing: WTO

UNCTAD says non-tariff measures now cost exporters more than tariffs in most countries, reshaping global trade and market access.

WTO says AI could boost global trade by nearly 40% and GDP by 13% by 2040 if digital infrastructure and trade policies are adapted worldwide.

The European Commission opposes Trump’s reciprocal trade policy, warning it could disrupt markets, fuel inflation, and harm businesses, vowing to protect EU industries from unfair tariffs.

China imposes new tariffs on U.S. goods, launches an antitrust probe into Google, and files a WTO complaint, escalating trade tensions after Trump’s latest tariff measures.

WTO forecasts global merchandise trade growth of 2.7% in 2024 and 3.0% in 2025, citing easing inflation, declining interest rates, and risks from geopolitical tensions.

The WTO’s 2024 World Trade Report highlights the crucial role of trade in narrowing income gaps and fostering economic inclusiveness, urging global cooperation for shared prosperity.