WTO
3 days ago
There is little doubt that President Donald Trump’s second coming and his radical ideas will significantly impact global economies, and many dependent countries like Nigeria should prepare. Barring curtailment efforts by the Republican-dominated U.S. Senate
4 days ago
Ms Yan Yuqing, the Consul General of the People’s Republic of China in Lagos, Nigeria, says African nations should leverage their resources and market advantages to engage more in international cooperation while maintaining sovereignty and economic independence. According to Yuqing, the global trade system is undergoing restructuring, and countries need to strengthen cooperation and dialogue…
6 Feb
China has lodged a complaint with the World Trade Organisation (WTO) over the new tariffs imposed by the United States on goods from China, the WTO said on Wednesday. “China has requested WTO dispute consultations with the U.S. in regard to new tariff measures applied by the U.S. on goods originating in China,’’ the organisation…
4 Feb
While US President Donald Trump unleashes trade wars and tariffs, the system for settling such disputes within the World Trade Organization has been paralysed for years -- by the United States.
3 Feb
In response to the United States tariffs announced by President Donald Trump on Saturday, both Canada and Mexico have initiated immediate retaliatory tariffs on American goods starting from tomorrow February 4.
29 Jan
Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, has stressed the need for Nigeria to lead the way in digital trade and Africa’s economic growth.
20 Jan
The European Union launched a new challenge at the World Trade Organisation (WTO) on Monday against China's rules on royalty rates for high-tech patents, amid escalating trade tensions between Beijing and Brussels. The European Commission accused China of pressuring innovative European high-tech companies into lowering their fees by allowing its courts to set binding worldwide…
16 Dec
World Trade Organisation (WTO) members agreed on Monday to hold the next ministerial conference in Cameroon in early 2026, it said in a statement. The WTO holds such conferences every two years where trade ministers from around the globe gather to try to reach deals to set or update new trade rules. The statement indicated…
30 Nov
President Bola Tinubu on Friday congratulated former Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi Okonjo-Iweala, on her unanimous re-election as the Director-General of the World Trade Organisation (WTO). The General Council of the World Trade Organisation (WTO), during a special General Council meeting on November 28-29, 2024, agreed by consensus to reappoint…
29 Nov
President Bola Tinubu on Friday congratulated Dr Ngozi Okonjo-Iweala, former Coordinating Minister for the Economy and Minister of Finance, on her unanimous re-election as the Director-General of the World Trade Organisation (WTO). Tinubu in a statement also assured Okonjo-Iweala of Nigeria's steadfast support as she consolidates her bold reforms, dedication to equitable global trade practices,…
29 Nov
Ngozi Okonjo-Iweala, the first woman and first African to run the World Trade Organization, has been reappointed for a second term, the global trade body said Friday. Confirming her appointment in a statement, the General Council of the WTO said it agreed by consensus to reappoint Okonjo-Iweala as Director-General for another four-year term, set to…
26 Nov
The World Trade Organization (WTO) has expressed concerns regarding the high rate of physical inspections of containers at Nigerian ports.