#World Trade Organization

[allthebrazilianpolitics]

Lula trashes EU side letter, says WTO "ended"

President Luiz Inácio Lula da Silva on Friday called an EU-proposed side letter to the free trade agreement with Mercosur a “threat,” said the World Trade Organization (WTO) has “ended,” and renewed calls for new international institutions and reform of those mostly designed by Western powers in the 1940s, such as the United Nations and the International Monetary Fund.

At the Summit for a New Global Financing Pact in Paris, Lula said trade agreements must be “fairer.”

“I’m dying to make a deal with the European Union. But it is not possible”, he said, referring to the proposed EU-Mercosur free trade agreement. Earlier this year, EU negotiators presented a side letter that allows for sanctions if countries fail to meet environmental commitments under the Paris Agreement. Mercosur members are expected to present a counter-proposal in the coming weeks, with the aim of signing the agreement by the end of the year.

Lula added that the World Trade Organization (WTO) has “ended.” The last round of WTO-led negotiations, the Doha Round, began in 2001 and was never completed.

Continue reading.

#brazil #politics #brazilian politics #luiz inacio lula da silva #europe #european union #european politics #international politics #world trade organization #foreign policy #mercosur #economy #mod nise da silveira #image description in alt

[shutterandsentence]

When was the last time you did something for the first time?

Photo: Rothenburg ob der Tauber, Germany

#germany #deutschland #bavaria #bayern #rothenburg #rothenburg ob der tauber #europe #historic europe #european charm #fairy tale village #flowers #travel #tourism #explore #adventure #european union #eu #international travel #vacation #world trade organization

[highher]

New York City. Manhattan

#wtc #one world order #one world government #world trade center #world trade organization #central park nyc #nycskyline #nycgo #vintage nyc #nyc rp #nyclife #nyc photography #nyc girl #nyc subway #nyc #nyck de vries #nyc aesthetic #tripp nyc

[cultml]

#world trade organization

[harrelltut]

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#9/11 #harrelltut #king tut #u.s. michael harrell #quantumharrelltech #kemet #mu:13 #quantumharrelltut #this is my 9/11 #o michael #harrelltut.com #under surveillance #twin towers #world trade center #world trade organization #9etherpentagonelites #9etheraluhumanunnaqi #9etherlightshipatlantis #donald trump #president trump

[gwydionmisha]

#Hollywood #World Trade Organization #Vaccine Technology #IP #News

[copytrding]

#copy trade forex #exchange traded funds #traders #economy and trade #tradewar #world trade organization #moneymaking #i need money #wealth #cryptocurrencies #cryptid #crypto

[demiurgeua]

Україна приєдналася до групи найбільших аграрних експортерів Світової організації торгівлі

Україна стала двадцятим учасником так званої Кернської групи, яка була створена в рамках Світової організації торгівлі (СОТ) та об’єднує країни, що підтримують лібералізацію міжнародної торгівлі аграрною продукцією. Таке рішення було ухвалено 25 лютого 2024 року під час 43-ї зустрічі в Абу-Дабі міністрів країн Кернської групи. _________ The Ministers of the Cairns Group, met in Abu Dhabi on 25…

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#Agriculture #Cairns Group #Аграрна продукція #Кернська група #СОТ #Світова організація торгівлі #World Trade Organization #WTO

[allthebrazilianpolitics]

Embraer celebrates as Brazil joins WTO civil aircraft agreement

Brazil joined the World Trade Organization's agreement on trade in civil aircraft on Friday, a move that was celebrated by planemaker Embraer (EMBR3.SA) as the pact would ensure tariff-free imports of components from member states.

The Brazilian government, which had applied to join the civil aircraft pact in 2022, said its entry had been approved by the 33 member countries at a meeting in Geneva.

Brazil-based Embraer is the world's third-largest planemaker, behind Boeing (BA.N) and Airbus (AIR.PA), and a global leader in segments such as regional and executive aviation.

"Until now Brazil was the only relevant aircraft producer and original WTO member not to participate in the agreement, while the main competitors of Brazilian aircraft were represented," the Brazilian government said in a statement.

Continue reading.

#brazil #brazilian politics #politics #economy #aviation #embraer #world trade organization #foreign policy #mod nise da silveira #image description in alt

[bhoobhransh]

In 2014 agricultural subsidies again became a sticking point when India threatened to block a WTO agreement to simplify trade procedures that would, many hoped, revive the stalled Doha Round. The agreement was likely to benefit rich countries more than poor ones, and India wanted, in return, progress on a proposal supported by many developing countries to ensure that government programs that buy food from local farmers and distribute it to the poor are not considered illegal agricultural subsidies. India’s commerce minister, Nirmala Sitharaman, described it as regrettable that the WTO could not agree on how to treat India’s efforts to provide food for its poor “while the rich world can continue to subsidize their farmers unabatedly.” The trade facilitation agreement was eventually approved when, in an arrangement seen as a victory for the Indian government, the United States agreed not to challenge India’s food security program, and India withdrew its opposition.

(In Peter Singer's "One world now: the ethics of globalization" citing contemporary articles India and US reach WTO breakthrough over food - BBC News)

WTO and WEF (and many UN institutions) have always been the tools to exert western hegemony and corporate interests (and by extension, colonial values) onto the rest of the world. We should be very careful and accepting the value these organizations project and the ones they concede to.

#world trade organization #united nations #hypocrisy

[worldcottonday]

Cotton & Innovation.

Slogan: Weaving a better future for cotton.

Key messages of the World cotton Day 2023.

Cotton & Innovation

Innovation and technology adoption are key to raising crop productivity, while minimizing the impact of cotton production and processing on the environment.

Advances in genetics and gene editing, better pest management and widespread adoption of precision agricultural technologies can help face the challenges posed by climate change.

Innovation and technology can foster sustainability in the entire cotton value chain, boost cotton competitiveness and create new market opportunities for cotton producers, in particular smallholders.

A number of innovations and technologies, mainly addressing cotton products’ performance, are being adopted to boost cotton fibre competitiveness in the apparel and home textile sectors.

Innovative technologies and resources need to be mobilised to ensure that the sector remains viable, prosperous and economically sustainable for smallholders around the world.

#world cotton day #cotton #cotton farmers #7 october #key message #Food and Agriculture Organization #United Nations Industrial Development Organization #International Trade centre #World Trade Organization #International Cotton Association

[mrjaypayton]

Just watched a great video about WT7.

Interesting.

Common sense ain't common.

#world trade center #world trade organization #september 11 #twin towers #ground zero #nine eleven #september112001 #Youtube

[ngulminthangl]

SEOUL: South Korea formally restored Japan to its list of countries it gives preferential treatment in trade on Monday, three years after the neighbors downgraded each other's trade status amid a diplomatic row fueled by historical grievances.

In announcing the move through a government gazette, South Korea's Ministry of Trade, Industry and Energy also said Seoul will further restrict technology and industrial exports to Russia and its ally Belarus to support the US-led pressure campaign against Moscow over the war in Ukraine.

After years of friction, Seoul and Tokyo are working to repair relations as they tighten their three-way security cooperation with Washington to counter the threat posed by North Korea. Pyongyang has used the distractions caused by the war to accelerate the testing of nuclear-capable missiles.

South Korean officials expect Tokyo to restore Seoul as a favored trade partner too but expect that step to take more time based on the procedures to revise Japan's export regulations.

Read more: https://ngulminthanglhanghal.wordpress.com/2023/04/25/south-korea-restores-japan-on-trade-white-list/

#South Korea #Adds Back Japan #White List #World Trade Organization #trade #Ngulminthang

[emeriobanque]

Recently, South Korea officially restored Japan to its list of nations it provides privileged benefits in trade, three years after the neighboring countries lowered each other’s trade positions amid a diplomatic row accelerated by historical issues.

In declaring its move through an official government gazette, South Korea’s Ministry of Trade, Industry and Energy also stated Seoul will further confine innovation and industrial exports to Russia and its partner Belarus to aid the US drive-pressure campaign against Moscow over the war in Ukraine.

After years of struggle, Seoul and Tokyo are attempting to fix relations as they upgrade their three-way security participation with Washington to confront the threat incorporated by North Korea. Pyongyang has utilized the interruptions caused by the war to speed up the testing of nuclear-capable missiles.

South Korean authorities anticipate Tokyo to reestablish Seoul as a favored trade partner too but expect that this job is going to be more time-consuming based on the techniques to modify Japan’s export guidelines.

In September 2019, South Korea dropped Japan from its “White List” of nations gaining fast-track approvals in trade, responding to a comparative move by Tokyo. Japan had also strengthened export regulations on vital chemicals South Korean organizations use to produce semiconductors and displays, provoking South Korea to lodge a complaint with the World Trade Organization.

Seoul blamed Tokyo for weaponizing trade strikes against South Korean court decisions that ordered Japanese companies to provide reparations to South Koreans constrained into slave work before the end of World War II when Japan had colonized the Korean Peninsula. The 2018 rulings disturbed Japan, which insisted all the compensation complexities were handled by a 1965 treaty that normalized decisions. Relations between the US partners started to defrost in March when the government of South Korean President Yoon Suk Yeol, who took charge in May 2022, declared strategies to utilize South Korean funds to compensate the forced laborers without demanding Japanese contributions. Yoon went to Tokyo to interact with Japanese Prime Minister Fumio Kishida and they committed to reestablishing the nation’s safety and economic rules.

Recommended Read - UK Strikes First Major Post-Brexit Free Trade Deal With Japan

Yoon’s focus to make up ties with Tokyo has initiated criticism from some constrained labor victims and from his political rivals. They demanded direct compensation from Japanese organizations that employed forced laborers. Yet, Yoon has safeguarded his choice, stating closer ties with Japan are vital for handling a slew of area complexities, especially North Korea’s increasing nuclear threat.

Following the Yoon-Kishida summit, South Korea took back its complaint at the WTO against Japan as Tokyo also assured of its removal of export controls over a combination of chemicals considered as important to South Korea’s technology industry. The Japanese restrictions covered fluorinated polyimides, which are utilized in organic light-emitting diode (OLED) screens for TVs, smartphones, and photoresists, and hydrogen fluoride, which accounted for creating semiconductors. With Japan’s reestablished, South Korea now gives preferential treatment to 29 nations - including the United States, Britain, and France - oversupply of delicate “strategic” materials that can be utilized for both civilian and military agendas.

South Korea separates its trade partners into two groups in handling supply approvals of sensitive materials. The waiting period is generally five days for white-list nations, while other nations are compelled to go through case-by-case evaluations that can take up to 15 days.

In reporting its new guidelines over exports of strategic materials, the South Korean Trade Ministry also stated the nation will introduce hundreds more industrial products and components under its export restrictions against Russia and Belarus starting this week.

Seoul’s controls so far have accounted for 57 items, including those related to electronics and shipbuilding, with authorities prohibiting their shipments to Russia and Belarus unless the companies gain special approvals. The list will extend to 798 items, including exports related to construction, machinery, steelmaking, automobiles, semiconductors, and advanced computing.

“(We) strategize to operate with suitable ministries to boost crackdowns and implementation to prohibit (the restricted items) from reaching Russia or Belarus through third nations,” the Ministry said in a statement.

#South Korea #Japan #White List #Trade deal #privileged benefits in trade #trade positions #war in Ukraine #Moscow #emeriobanque #Tokyo #reestablish Seoul #Japan’s export #World Trade Organization #oon Suk Yeol #Fumio Kishida

[indiabizlive]

To protect domestic producers from subsidised imports, the commerce ministry has suggested a five-year extension of the 18.95 per cent countervailing tax (CVD) on certain flat-rolled steel products imported from China.

#Economic #World Trade Organization #countervailing tax #DGTR #Jindal Stainless

[mydjw]

By Prof. SUKEGAWA Seiya

#world trade organization