News

Source: WTO World exports of intermediate goods (IGs) fell by 10 per cent year-on-year in the fourth quarter of 2022 to US$ 2.3 trillion, reflecting the disruptions global supply chains faced in the closing months of the year due to the geopolitical context, commodity shortages, high energy prices…

Source: WCO The World Customs Organization (WCO) and the Universal Postal Union (UPU) have consolidated their commitment to facilitating global trade and transport through the signature of a Joint Declaration at the first WCO–UPU Global Conference, held in Tokyo from 6 to 8 June 2023 and hosted by…

Source: WTO The WTO and the international community have a collective responsibility to help members harness the full potential of the digital economy for economic growth, job creation and trade diversification, said Director-General Ngozi Okonjo-Iweala at a workshop held at the WTO on 1-2 June on e…

Source: WTO WTO members discussed initiatives aimed at strengthening the economic output of the world’s poorest countries at a meeting of the Sub-Committee on Least-Developed Countries (LDCs) on 31 May. Angola, Rwanda and international organizations shared their experiences in improving LDCs’…

Source: WTO The Dialogue on Plastics Pollution and Environmentally Sustainable Plastics Trade made substantial progress at a meeting on 25 May, introducing the coordinators’ draft vision on the way forward and elements for a potential outcome at the 13th Ministerial Conference (MC13) to be held in…

Source: WTO Participants in the negotiations on e-commerce discussed key issues such as data flow, data localisation and development at their 22-25 May meetings. The co-convenors (Australia, Japan and Singapore) urged members to step up the work of the small groups between now and the summer break…

Private Sector Consultative Group meets during WCO's Permanent Technical Committee week The Private Sector Consultative Group (PSCG) of the World Customs Organization (WCO) held a meeting on 24 April 2023 to discuss various issues related to the activities of the WCO. The meeting was chaired by the…

Source: WTO The World Trade Organization, the World Bank Group and the World Economic Forum on 20 April launched “Action on Climate and Trade” (ACT), a new initiative that aims to help participating developing economies, including least-developed countries, use trade to meet their climate change…

Source: WTO There has been a clear downward trend in tariffs since the WTO was established in 1995. Since 1996, global trade in goods has more than quadrupled, reaching a total of US$ 18.6 trillion for imports in 2021, compared to US$ 4.4 trillion in 1996. Over the same period, available data…