WTO Have Reach An Agreement On An 'Unprecedented' Trade Package

 

Euractiv/Reuters: WTO strikes global trade deals after 'roller coaster' talks 

The World Trade Organization agreed on the first change to global trading rules in years on Friday (17 June) as well as a deal to boost the supply of COVID-19 vaccines in a series of pledges that were heavy on compromise. 

The deals were forged in the early hours of the sixth day of a conference of more than 100 trade ministers that was seen as a test of the ability of nations to strike multilateral trade deals amid geopolitical tensions heightened by the Ukraine war.  

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WNU Editor: The story that caught my eye at this WTO announcement was Russia's announcement that it will not be leaving the WTO. 

WTO Have Reach An Agreement On An 'Unprecedented' Trade Package  

WTO strikes deals on fisheries, food, COVID vaccines -- DW  

WTO Reaches Deals on Covid Vaccine IP Waiver, Fishery, E-Commerce, Food Security -- Bloomberg  

WTO breaks negotiating slump with package of deals -- Politico  

WTO passes 'unprecedented' trade package following protracted talks -- UPI  

Factbox - What Has the WTO Ministerial Conference Achieved? -- Reuters

World Trade Organization Appeals Court Has Been Shut Down By The U.S.

Reuters: U.S. trade offensive takes out WTO as global arbiter

BRUSSELS (Reuters) - U.S. disruption of the global economic order reaches a major milestone on Tuesday as the World Trade Organization (WTO) loses its ability to intervene in trade wars, threatening the future of the Geneva-based body.

Two years after starting to block appointments, the United States will finally paralyze the WTO’s Appellate Body, which acts as the supreme court for international trade, as two of three members exit and leave it unable to issue rulings.

Major trade disputes, including the U.S. conflict with China and metal tariffs imposed by U.S. President Donald Trump, will not be resolved by the global trade arbiter.

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More News On The World Trade Organization Appeals Court Being Shut Down By The U.S.

World trade without rules? US shuts down WTO appeals court -- AP
WTO chief: 'Months' needed to fix disputes body -- BBC
Japan calls for prompt solution to restore WTO appellate body -- Reuters
WTO: China blames US as appeal court comes to a halt, sparking new fears for global trading system -- SCMP
World Trade Organization in trouble: What you need to know -- DW
Baby GATT Back: The End Of The World Trade Organization? -- Zero Hedge