The World Trade Organization established the projections for world trade growth for 2024 and 2025, placing them at 2.7 % and 3 %, respectively.
According to the international institution, it has established the estimates taking into account destabilizing factors such as the increase in geopolitical…
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WTO
Venezuela admitted to the Global Alliance for Trade Facilitation
Venezuela entered the Global Alliance for Trade Facilitation, carried out by the World Trade Organization, according to the announcement by the country's vice president, Delcy Rodríguez.
The official highlighted that the votes in favor of…
Tourism in 2024 will recover pre-pandemic levels
According to the latest report by the World Tourism Organization (WTO), international tourism is on track to reach levels similar to pre-pandemic this year, recovering an impressive 88% of the volume recorded before the arrival of Covid-19…
World Merchandise Trade has grown less than expected
The World Trade Organization (WTO) announced that global merchandise trade growth in volume this year will be just 0.8 %, which represents less than half of the initial April projection of 1.7 %. This drastic slowdown is attributed to…
World exports of intermediate goods grew by 21 %
The World Trade Organization (WTO) reported that world exports of intermediate goods (IG) continued to grow in the last quarter of 2021, registering a figure of around 21 %. However, its increase was lower than those registered in previous…
The US, Japan and the UE renew trilateral alliance
The US, Japan and the UE renew trilateral alliance. Their objective is to address "the global challenges posed by non-market policies and practices in third countries.
The agreement, reached by the United States Trade Representative,…
WTO forecasts continued contractions in trade
According to the figures reflected in the indicator published this Wednesday by the World Trade Organization (WTO), the drop in merchandise trade continues to accentuate during the first quarter of 2020.
The Merchandise Trade Barometer,…
The United States will impose new tariffs on the UE
The US government announced that on October 18th it will apply new tariffs to the European Union after the approval received by the World Trade Organization (OMC) who, hours before the announcement of the new measure, had already authorized…
WTO projects worse world trade behavior
In a scenario marked by the trade war between the United States and China, now extended to the financial sphere by the currency conflict between the two nations, the World Trade Organization (WTO) published its Barometer of Merchandise…
EU expects G20 summit leads to the World Trade Organization reform
The European Union considers that the system based on WTO rules is in crisis, since as an organization based on the consensus of its members it has not been able to deal with the economic and technological changes of the last decades.
That…
United States imposes new tariffs on EU
Donald Trump, president of the United States, accepted the proposal of the Office of Trade Representative based on the public subsidies received by the aeronautical company Airbus and confirmed the imposition of new tariffs on the European…