Four dozen World Trade Organization members including the EU, China and the US will kick off negotiations on digital trade in March in a move designed to reinvigorate the beleaguered trade body. Meanwhile, a group of ‘like-minded’ members led by Canada warned that risks to the multilateral trading system – …
Author: Jennifer Freedman
Beyond Brussels: Globotics is coming, so ‘be aware and prepare’
Globalisation and robotics will eventually improve the world, but they are creating competition for services jobs that is coming quickly and in ways that will seem very unfair, Richard Baldwin tells Borderlex. Workers and governments must prepare for the advance of ‘globotics’.
Flash: UK Parliament rejects Theresa May’s Brexit deal
UK lawmakers rejected Prime Minister Theresa May’s divorce deal with the EU today, plunging the Brexit process into chaos. The House of Commons voted 432-202 to quash the deal, after which Labour leader Jeremy Corbyn tabled a vote of no confidence in bid to trigger a general election. More to …
Beyond Brussels: Venezuelan WTO challenge is latest to touch national security issue
Venezuela struck back this week against US sanctions targeting the government of President Nicolás Maduro, filing a World Trade Organization complaint that accuses Washington of imposing “coercive trade-restrictive measures on the Bolivarian Republic of Venezuela in the context of attempts to isolate Venezuela economically”. The dispute is the latest touching …
What lies ahead for the WTO this year?
Jennifer Freedman explains what awaits the World Trade Organization in 2019.
Beyond Brussels: The new US argument against the Appellate Body
The US and a dozen other World Trade Organization members have finally agreed about something concerning the Appellate Body: the WTO’s highest court has no authority to issue rulings that set a binding precedent. This issue is a non-issue in the eyes of WTO members including the EU, Canada, Japan …
Beyond Brussels: WTO Appellate Body sees no reform prospect, gets by with rotation system
Formal EU proposals to reform the World Trade Organization don’t go far enough in pulling in the reins of Appellate Body judges, the US ambassador to the WTO said this week. The appellate function will continue for now on the basis of a rotation system.
Beyond Brussels: Chinese perspectives on WTO reform
China has joined a host of other World Trade Organization members in calling for WTO reforms and is actively working on its own proposal on how to tackle problems at the Geneva-based trade body. But with many Chinese policies in the crosshairs of a joint reform proposal by the EU, …
Beyond Brussels: WTO paints bleak trade outlook ahead of G20 summit
It comes as little surprise that the World Trade Organization expects global merchandise trade to continue decelerating in the coming months – but it’s bad news, nonetheless. Mounting trade tensions, tighter credit conditions in key markets and waning business confidence have caused export orders to fall, the WTO said in …
Beyond Brussels: US Section 301 report highlights on China
The latest US report detailing Chinese policies involving the transfer of technology, intellectual property and innovation is full of “groundless accusations”, according to China’s Ministry of Commerce. The update, which stems from the Trump administration’s Section 301 investigation, was released a day after the US proposed stepping up scrutiny of …