The defenestration of the WTO’s dispute settlement arm could well be a harbinger of what lies ahead for multilateralism in this age of impending multipolarity.
The WTO’s capacity to settle international disputes is on the brink of collapse.
Referencing a popular fantasy series, the Norwegian representative to the WTO recently warned the member-states of the crisis facing the appellate body with the phrase “winter is coming”.
Aid for trade represents about 30% (or $40 billion per year) of official development funding to developing countries. In 2017, commitments to the least developed countries (LDCs) reached $18.8 billion – a threefold increase since 2005.
Foreign Affairs Ministry lauds PM’s participation at the Aid for Trade Global Review in Geneva as a great success.
A combined $13 million to finance the Enhanced Integrated Framework.
PM urges member states to continue supporting least developed economies.
In the global political landscape looms a superpower with a military and economic might widely believed to remain unrivalled at least for decades to come.
Southeast Asian nations reached a consensus on Sunday to fight against trade protectionism and support the maintaining of a multilateral trade system as they wrapped up the 34th summit of the Association of Southeast Asian Nations (ASEAN) in Bangkok.
Last year was marred by a series of economic shocks. In 2018, the World Trade Organization faced an unprecedented crisis, and the global trade order suffered clashes because of a tariff war launched by the US.
The US accuses China of hiding some trade-distorting subsidy programmes.
China’s economic clout far exceeds that of most other developing countries, especially the least developed countries.
Cambodia has adopted an open, liberal market economy since mid-1990s with technical and financial support from various development partners, bilaterally and multilaterally.
The rules-based multilateral trading system, with the World Trade Organization (the WTO) at its core, is the cornerstone of economic globalisation and free trade.
The US decision to cut off a Chinese state-backed chipmaker from US suppliers breaks World Trade Organization rules.
The World Trade Organization is scrambling to develop a plan for the biggest reform.
Cambodia’s foreign policy stance is now more assertive after the formation of the new government in the sixth legislature. Prime Minister Hun Sen is determined not to tolerate international pressures and intervention, especially with regards to democracy and human rights.
According to Kyodo News Agency, trade ministers of Japan, the US and the EU agreed on Tuesday to co-sponsor a proposal to reform the World Trade Organization (WTO) as part of an effort against Chinese industrial subsidies.
EU asks WHO to certify that it has complied on its subsidies for planemaker Airbus.
Agriculture ministers from G20 countries criticized protectionism in a joint statement.
It is the irony of ironies. China, rather than the US, now needs to speak up more clearly in support of a global trading system which is under attack from the very country that put it in place, writes Kerry Brown.
Almost a half century of negotiations to improve the agreement culminated in the creation of the World Trade Organization in 1995.
Mexico said on Monday it will file a complaint with the World Trade Organization over US tariffs on its steel and aluminum.
The head of the World Trade Organization agrees with a call from French President Emmanuel Macron for reform.
French Finance Minister calls for an overhaul of the WTO, two days before EU companies may be hit with steep US tariffs.
US accusations of forcing companies to hand over tech are groundless, China says.
Prime Minister Hun Sen on Monday reminded the Ministry of Health to strictly examine the opening of clinics and the medicine being sold to avoid any bad impacts on the health of the people.
A Republican bill could disrupt the global supply chain by adding 20-percent tax.