The World Trade Organization (WTO) is an international organization regulating the rules of trade between nations. It was established in 1995, replacing the General Agreement on Tariffs and Trade (GATT.) It consists of 164 members.
European plane maker Airbus said on Wednesday it regrets Washington’s decision to keep in place 15 percent tariffs on Airbus aircraft despite European Union actions to comply with World Trade Organization (WTO) rulings.
The Covid-19 outbreak is set to drive global trade down by 18.5 percent in the second quarter of 2020, the World Trade Organization (WTO) has forecast. Despite being the steepest fall ever, it is above the WTO’s worst predictions.
The coronavirus pandemic is likely to spark an unprecedented fall in global trade as well as an economic crisis rivaling the Great Depression, the head of the World Trade Organization (WTO) has warned.
The World Trade Organization (WTO) has ruled that some $7 billion in Indian export subsidies violate trade rules and should be halted, upholding an American complaint filed last year and prompting US officials to declare victory.