WTO news

South Africa’s and Togo’s parliaments this month ratified the agreement establishing the African Continental Free Trade Area (AfCFTA). The total number of countries committing to the deal has thus grown to 49.

Ankara has won its first appeal at the World Trade Organization (WTO) against additional US tariffs imposed on steel imports, Turkish Trade Minister Ruhsar Pekcan said. The complaint with was initiated by Turkey in August.

The EU ambassador to the World Trade Organization (WTO) has lambasted Washington's tariffs and protectionist trade policy. He called the US the “epicenter” of the crisis in the multilateral trading system.

Despite criticism for the trade war with China, the US president appears to have backing of other world leaders seeking to overhaul the World Trade Organization, although WTO reform won’t necessarily go according to Trump’s plan.

Turkey has told the World Trade Organization it plans to impose steel import quotas from October 17 to protect the domestic steel industry.

Global trade uncertainty and tighter credit market conditions will slow commerce growth for the rest of this year and in 2019, according to the World Trade Organization (WTO).