The World Trade Organization is facing a significant crisis. Its dispute settlement mechanism, once considered the WTO’s 'crown jewel,' has been weakened due to the United States blocking the appellate body. Despite these challenges, new trade disputes continue to be submitted, highlighting growing tensions and the challenges the WTO faces in maintaining its global authority.

World Trade Organization Undergoing A Crisis?

This week’s report from the world trade organization, or WTO, reveals a drastic surge in global trade barriers, with more than 2.6 trillion dollars of imports worldwide now subject to new tariffs or trade measures, which is more than four times the amount last year.


WTO Warns of Four-Fold Surge in Global Trade Restrictions

Global trade has experienced an unexpected boost this year. . . Thanks to surging exports of AI-related goods and a rush of imports into the US ahead of US President Trump's tariff hikes. . . But the World Trade Organisation warns that 2026 could paint a very different picture. . .


WTO warns of trade uncertainties impacting 2026 growth

From UNRWA to the WTO and WHO, Trump’s second term echoes his first when it comes to cutting funds for United Nations agencies. Here is the story of his hot and cold, impulsive approach to these global agencies 

Trump administration quietly moves back from cutting funds to WTO. How it blew hot and cold on UN agencies over the years

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

The global trade landscape has become increasingly complex as China has formally complained to the World Trade Organization (WTO) challenging the European Union's recent decision to impose anti-subsidy duties on Chinese electric vehicles (EVs).

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

The outcome of the 13th ministerial conference of the WTO was "good" and India is "completely satisfied" as the country continues to retain its full policy space to protect the interests of farmers and fishermen in every respect, Commerce and Industry Minister Piyush Goyal has said.

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

India has taken a firm stance against the remarks made by Thailand's Ambassador Pimchanok Vonkorpon Pitfield to the World Trade Organization (WTO) in Abu Dhabi. The remarks reportedly targeted India's public stockholding program, a critical component of its agricultural policy, aiming to support farmers by ensuring stable prices for essential crops and maintaining food security for its population.

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

A dispute has arisen over reforming the World Trade Organisation's dispute settlement system at the 13th ministerial meeting (MC13), with India accusing the US of stalling progress.

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 is set to take a firm stance against a proposal led by China for an investment facilitation pact and advocate strongly for its key interests at the World Trade Organisation (WTO) ministerial meeting commencing on Tuesday.

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 is set to challenge the status quo at the World Trade Organisation (WTO) by seeking the removal of entitlements in trading rules that have long favoured developed countries.

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

This week, China appealed a decision by the World Trade Organisation (WTO) to reject the country's tariffs on US goods worth $2.4 billion, claiming that the judgement was wrong, Bloomberg reported.

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 has offered to share its ethanol manufacturing technology with India, in an attempt to put an end to their long-running disagreements over the sugar industry, the Financial Express reported on Monday.

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

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