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EXPLAINED: 2 | Vintage Vibes

India doubles its share of global commercial services exports between 2005 and 2022: World Bank & WTO report

India has doubled its share of global commercial services exports to 4.4% in 2022 from 2% in 2005, according to a World Bank and World Trade Organization (WTO) report.

The Hindu

Australia, China to build on 'positive momentum' but no major breakthrough after meeting on trade

Australia and China agree to step up dialogue to resolve bitter trade disputes under existing free trade mechanisms, but fail to secure any major breakthrough during ministerial talks in Beijing.

ABC News

Australia’s barley solution with China shows diplomacy does work

The agreement between Australia and China to resolve a dispute over Chinese tariffs on Australian barley without World Trade Organization (WTO) adjudication is evidence of a distinct improvement in relations.

The Conversation

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Australia and China’s barley deal over tariffs is an 11th-hour off-ramp after years of trade tensions

Latest move fits with Albanese government’s attempts to pursue ‘constructive’ dialogue with China without making any policy concessions

The Guardian - AU

Australia strikes deal with China over barley trade dispute

In ‘sign of goodwill’, federal government temporarily suspends WTO challenge as China agrees to review its tariffs

The Guardian - AU

Japan weighs lifting of strict controls on exports to South

The government will likely lift its strict export controls on semiconductor materials and other items to South Korea if Seoul withdraws a complaint lodged with the World Trade Organization against Japan, government sources said.

The Japan News/Yomiuri

Will the new industrial policy work?

Industrial policy has returned to government agendas across the developed and developing world. While the US Inflation Reduction Act has shocked America's Asian and European trading partners, the Biden administration's signature climate-change legislation is just the latest in a series of recent policies that seemingly fly in the face of…

Bangkok Post

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German minister: Next World Bank boss should be a woman

The next World Bank president should be a woman, Germany's international development minister told Reuters in remarks that could strengthen the potential candidacy of Ngozi Okonjo-Iweala, the American-Nigerian head of the World Trade Organization.

Reuters

China, U.S. spar at WTO meeting over disputes

China and the United States exchanged sharp criticism at a World Trade Organization meeting on Friday, with Beijing calling Washington a "unilateral bully" and the U.S. accusing its rival of illegal retaliatory measures.

Reuters

U.S. wants World Trade Organization dispute system fixed by 2024

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.

Reuters

DAVOS 2023: WTO sticks with 1% projection for growth in global trade

The head of the World Trade Organization (WTO) said on Friday it was sticking with its 1% projection for global trade growth in 2023 - for now.

Reuters

China eyes rule on office machines contradicting stance in WTO talks

GENEVA / BEIJING -- China has done an about-face since an October 2022 World Trade Organization meeting in which it clearly stated that it would not revise its standards to require office equipment such as multifunction printers to be designed and developed in China, it has been learned.

The Japan News/Yomiuri

WTO rejects US 'Made in China' labeling on Hong Kong goods

World Trade Organization arbitrators have concluded the United States violated its rules in requiring that products from Hong Kong be labeled as “Made in China.”

The Independent UK

Australia seeks direct resolution of trade dispute with China before WTO ruling

As Penny Wong heads to Beijing for the first such visit in four years, trade minister says he is confident economic issues can be resolved

The Guardian - AU

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Fortune

Biden's efforts to starve China of chips are rewriting the rules of global trade–and even U.S. allies are balking at the upheaval

The U.S. is asking allies to pick sides in its chip battle with China—and some are hesitant to choose.

Reuters

China calls US 'destroyer' of global trading system at WTO

China accused Washington on Wednesday of using subsidies to prop up national industries and refusing to abide by the rules of the World Trade Organization.

Reuters

Taiwan mulls WTO case after latest Chinese import bans

Taiwan may take China to the World Trade Organization after the country effectively banned the import of more Taiwanese food and drink products, Premier Su Tseng-chang said on Saturday as Beijing accused Taipei of "political manipulation".

The Independent UK

WTO rules against Trump's steel and aluminum tariffs

The World Trade Organization has rejected the 2018 import taxes that then-President Donald Trump imposed on foreign steel and aluminum, saying they violated global trade rules

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Reuters

Trump metal tariffs ruled in breach of global rules by WTO

The World Trade Organization ruled on Friday that U.S. tariffs imposed on steel and aluminium imports by then President Donald Trump contravened global trading rules in a judgment immediately criticised by Washington.

Bangkok Post

Let the WTO referee carbon border taxes

Perhaps the most important task confronting the international order is the enforcement of national limits on greenhouse-gas emissions, such as those that were negotiated in the 2015 Paris agreement. Carbon border adjustments could give these limits teeth, but fair application requires a revived World Trade Organization.

The Independent UK

EU takes China to WTO over Lithuania trade dispute

The European Union has announced that it's begun legal action at the World Trade Organization against China over what it says are import restrictions Beijing has imposed on Lithuania

The Independent UK

EXPLAINER: US-European differences on climate law persist

President Joe Biden is trying to allay concerns raised by French President Emmanuel Macron about a clean energy law that benefits electric vehicles and other products made in North America

France 24

On US state visit, Macron to draw the line on American protectionism

President Emmanuel Macron begins his three-day state visit to the US on Wednesday bolstered by shared bilateral visions on Russia’s invasion of Ukraine and China’s assertiveness in the Indo-Pacific. But President Joe Biden’s latest Inflation Reduction Act has alarmed the EU, and the French leader will have to stake a…

The Conversation

Intellectual property waiver for COVID vaccines should be expanded to include treatments and tests

Global inequities in access to COVID vaccines have turned out to be a “catastrophic moral failure”, just as the World Health Organization warned they would in January 2021. Yet it took 20 months of negotiations for members of the World Trade Organization (WTO) to agree to a limited relaxation of…

ABC News

Anthony Albanese and Xi Jinping meeting marks potential thawing of relations. Here's what drove the freeze

It's been six years since the Chinese president sat down with an Australian leader, as trade wars, China's growing presence in the Pacific and diplomatic spats soured relations.

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