It comes amid escalating trade tensions with the United States over its recent 26 per cent tariff on Indian goods.

India urges WTO to act on trade barriers amid tariff dispute with the US

Business & Economy: New Delhi employs a WTO clause to challenge US tariffs on steel and aluminium, a move involving goods valued at $billion, marking a significant trade action.

India proposes first counter move against Trump tariffs, submits notice to WTO

Business & Economy | World: The Geneva-based WTO further warns that if Trump lifts the pause on his earlier announced reciprocal tariffs, it would amplify the problems, and the global trade contraction could be even much bigger.

Trump tariffs: WTO warns of economic turbulence ahead, slashes global trade forecast figures

On Thursday, the head of the world trade organisation (W-T-O) warned that a trade war escalating from tit-for-tat tariffs would have a "Catastrophic" effect on the global economy and encouraged states to remain calm.

However, the WTO faces criticism as the global body so far has failed to deliver any significant multilateral trade liberalisation, showing only minimal progress

Take a look at the report for more on this...

WTO chief warns against 'catastrophic' tit-for-tat tariffs

China takes Europe's EV tariffs to WTO as trade tensions deepen

At a time when global trade faces multiple challenges on its path to recovery, the World Trade Organisation chief has a warning. WTO Director-General Ngozi Okonjo-Iweala says former President Donald Trump’s plan to raise tariffs on US Imports will spark a “free for all” in the global trading system.

WTO Chief: Trump’s tariff plan will be 'lose-lose' for all

Global trade is expected to see a modest rebound in 2024 after experiencing a decline in 2023 for only the third time in 30 years. That’s what the World Trade Organization predicts. This upward trend is attributed to easing inflationary pressures. However, the WTO has also revised its initial 2024 growth forecast downwards to 2.6% from 3.3%, citing potential risks. These risks include geopolitical tensions & rising protectionism.

Global goods trade to rebound slowly in 2024

The world merchandise trade volume is projected to pick up gradually and increase by 2.6% in 2024 and 3.3% in 2025 after falling 1.2% in 2023 due to the lingering effects of high energy prices and inflation. World Trade Organisation (WTO) economists said in a new forecast

WTO: Global goods trade to rebound slowly in 2024

The World Trade Organisation's director-general, Ngozi Okonjo-Iweala, is hopeful that a fisheries subsidies agreement will be ratified this year, despite the disappointment of not finalising the deal at the recently-concluded ministerial conference.

WTO wants fishing subsidies agreement to be ratified this year

India retains full policy space for benefit of farmers, fishermen at WTO: Goyal

India strongly objects to Thai envoy's remarks at WTO meet in Abu Dhabi: Reports

WTO Showdown: US-led reform efforts trigger friction with India

The Director-General of World Trade Organisation (WTO) said that "the world" may undershoot the 3.3% merchandise trade growth rate for this year. Trade Ministers from nearly every country in the world gathered in Abu Dhabi on Monday for a World Trade Organisation meeting that aims to set new global commerce rules. But even its ambitious Chief Okonjo-Iweala sought to curb expectations.

WTO Director General signals possible shortfall in trade growth | World Business Watch

India to assert key interests, opposes China-led investment pact at WTO ministerial meeting

The world trade organization has unveiled a $50 million fund aimed at propelling female entrepreneurs in developing countries into the forefront of global trade. Led by director general Ngozi Okonjo-Iweala, this initiative addresses a critical disparity: while women represent half of the world's population, their contribution to global GDP stands at only 37%. Watch to know more!

WTO launches $50 million fund to empower women entrepreneurs

India's WTO challenge: Raising the stakes in global agricultural trade reforms 

China appeals WTO's decision on tariffs imposed on US goods brought by Trump administration

China filed an appeal, arguing that the World Trade organisation (WTO) erred by rejecting its duties on $2.4 billion worth of American goods as retaliation for the trade tariffs imposed by former president Donald Trump.

China appeals WTO verdict: US Trade dispute takes center stage

Brazil to offer India ethanol technology to resolve ongoing sugar dispute: Report

World Trade Organisation (WTO) officials in Geneva issued a stern warning earlier this week: dividing the global economy into competing trade blocs will cut real wages by 5% globally and by twice as much in the poorest nations. Nevertheless, the European Union's tariffs on Chinese goods went into effect the next day. This has worried some of the bloc's most recognisable businesses, including Airbus, cosmetics manufacturers, and wineries.

EU-China trade war threatens world economy

India's G20 Presidency: Leveraging trade opportunities amid global uncertainty

The chief of the World Trade Organisation (WTO) lashed out at Western nations, saying they were moving towards a power-based global economic system by adopting protectionist measures.

WTO chief accuses Western nations of protectionism

The World Trade Organisation (WTO) said China's tariffs on 2.4 billion dollars of US goods in response to then US President Donald Trump's steel and aluminium charges breached its core trade agreements. In a verdict on Wednesday, a panel of three WTO experts agreed with Washington that China's tariffs denied the most favoured country status and breached other trade concessions made when the country joined the trade organisation.

WTO rejects China's Trump-era tariffs complaint

WTO rules in favour of US, declares China's retaliatory tariffs contrary to group's principles

Wto, News on Wto, stories on Wto, articles on Wto, Wto stories at Wion, Wto news, Wto latest news

wto