Sydney/Beijing | Reuters — Australia has reached an agreement with China to resolve their dispute over barley imports, the two countries said on Tuesday, a latest sign of improving ties between the major commodity trade partners. Relations between the two had been strained for years, and worsened after Australia called for an inquiry into the […] Read more
Tag Archives wto — page 2
Australia reaches deal with China in barley dispute
Trade shift may be 'bad news' for Canada and other exporters
U.S. wants WTO dispute system fixed by 2024
Appeals body frozen since Trump era; Washington 'very committed' to reform
Geneva | Reuters — The United States is entering a third phase of talks with countries to reform the World Trade Organization’s (WTO) hobbled trade dispute arbitration system and aims for it to be “fully functioning” by the end of 2024, the U.S. ambassador to the WTO told Reuters on Thursday. The WTO’s appeals bench, […] Read more
Canada, China agree to suspend WTO canola dispute
Lifting of canola ban renders case moot
Berlin | Reuters — Canada and China have agreed to suspend proceedings against Chinese measures affecting the importation of Canadian canola seed, according to a World Trade Organization (WTO) complaint on Thursday. The WTO Dispute Settlement Body (DSB) panel suspended its work as of Tuesday, the complaint said. Work can be suspended at any time […] Read more
WTO strikes global trade deals deep into overtime
Deals reached on food security, health and fishing; formerly defiant India joins consensus
Geneva | Reuters — The World Trade Organization’s 164 members approved a series of trade agreements early on Friday that included commitments on fish and pledges on health and food security after more than five gruelling days of negotiations. The deals were ground out over five days of bargaining at a conference of more than […] Read more
China lifts block on Canadian grain firms’ canola exports
Canola from Richardson, Viterra again allowed, officials report
Officials say China has reinstated market access for two major grain firms whose exports of Canadian canola have been blocked from Chinese ports since 2019. Canada’s Trade Minister Mary Ng and Agriculture Minister Marie-Claude Bibeau, in a joint statement Wednesday, confirmed the decision by Chinese customs officials allowing Richardson International and Viterra to resume canola […] Read more
U.S. congressmen seek revival of mandatory COOL on beef
Bipartisan bill calls for WTO-compliant take on label law
A bill that would order U.S. officials to come up with a way to bring back mandatory country-of-origin labeling (COOL) on beef has been introduced in the U.S. House of Representatives. Rep. Lance Gooden, a Republican from Texas, and Rep. Ro Khanna, a Democrat from California, on Wednesday introduced H.R. 7291, proposing to restore the […] Read more
China calls for overhaul of farm subsidy rules under WTO
Beijing | Reuters – China on Thursday called for the removal of “enormous” farm subsidies in some developed countries as part of Beijing’s push for reform of the World Trade Organization. “There are very unfair rules in the agriculture sector, and enormous subsidies some developed country members are entitled to, that severely distort international agricultural trade,” Wang […] Read more
Ban on food aid restrictions blocked at WTO
WTO says outcome 'disappointing' in difficult year
Geneva | Reuters — World Trade Organization members were at odds on Friday over a proposal that would ban countries from restricting food aid deliveries, potentially complicating the response to a feared COVID-fuelled humanitarian catastrophe next year. The proposal was one of two related to the pandemic that failed to make headway at a three-day […] Read more
Australia to appeal at WTO over China’s barley tariffs
China in May imposed tariffs totalling 80.5 per cent
Sydney | Reuters — Australia will launch a formal appeal to the World Trade Organization (WTO) later on Wednesday seeking a review of China’s decision to impose hefty tariffs on imports of Australian barley, Minister for Trade Simon Birmingham said. Acknowledging the appeal may take years to be resolved, Birmingham told reporters Australia would also […] Read more
Trade moves influenced by COVID-19 around world
The WTO found more changes were made by G20 countries to facilitate than restrict trade
Glacier FarmMedia – The impact of COVID-19’s second wave is continuing to cause uncertainty in global trade markets, but more markets are opening than closing. According to the World Trade Organization, between October 2019 and May 2020, G20 economies implemented 154 new trade or related measures, finding 95 to be trade-facilitating and 59 as trade-restrictive. […] Read more
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