A group of 66 member countries of the World Trade Organization (WTO) agreed on March 28 to a provisional pathway for the Global Agreement on Electronic Commerce, which is currently 70 % complete.
The decision was announced in a statement during the 14th WTO Ministerial Conference (MC14), held in…
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WTO
WTO: world trade to grow 2.7 % in 2024 and 3 % in 2025
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…
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,…