World Trade Organisation
WTO slashes trade growth as tensions unsettle global economy
The World Trade Organisation (WTO), yesterday predicted a 1.2 per cent growth in the global economy this year, and 2.7 per cent in 2020, revising an earlier forecast as trade conflicts between the United States and China weigh on global trade.
UNWTO leads discussion on tourism financing
Tourism’s unique potential as a tool for driving the global sustainable development agenda has taken center stage at a special event hosted by the World Tourism Organisation (UNWTO) in Geneva, Switzerland.
'Why we need the World Trade Organisation'
Global trade is under threat. Whether or not you call the current situation a trade war, certainly the first shots have been fired. This calls for our attention, and most importantly, our action. WTO data show a marked escalation of trade restrictive-measures over the last six months. A number of import-facilitating measures were also recorded…
Strong trade growth in 2018 rests on policy choices, says WTO
World merchandise trade growth is expected to remain strong in 2018 and 2019 after posting its largest increase in six years in 2017, but continued expansion depends on robust global economic growth...
Nigeria, others need $2.5tr investments to achieve global competitiveness
Participants at a High Level Policy and Private Sector Trade and Investment Facilitation Partnership Forum, have reiterated the need to attract over $2.5trillion investments yearly across competitive industries in order to achieve the 2030 Sustainable Development Goals (SDGs).
Enelamah elected Vice-Chair WTO Ministerial Conference
At a General Council meeting on 26 July, WTO members elected three officials to serve as Vice Chairs for the WTO’s 11th Ministerial Conference (MC11) in Buenos Aires.
WTO members mull rules to facilitate MSMEs’ participation in global trade
The transparency proposal - put forward by the European Union; Hong Kong, China; Chinese, Taipei; and Singapore — calls for WTO ministers to agree by the 11th Ministerial Conference in Buenos Aires this December on a series of actions.
Nigeria hopeful of trade growth under WTO TFA
With the ratification of the World Trade Organisation’s (WTO) Trade Facilitation Agreement (TFA), the Federal Government has expressed optimism of improving bilateral ties with many countries by harnessing opportunities made available under the agreement.
Nigeria, others to boost trade as WTO’s TFA enters into force
Yesterday, Rwanda, Oman, Chad and Jordan submitted their instruments of acceptance to WTO Director-General Roberto Azevêdo, bringing the total number of ratifications over the required threshold of 110.