World trade to remain below trend as tensions take toll
World merchandise trade is expected to remain below trend into the fourth quarter of 2019, according to the WTO’s latest Goods Trade Barometer.
Arbitrary customs duties negate WTO rules, threaten auto industry
The recent closure of vehicle dealerships across Nigeria has unearthed disturbing information that the Nigeria Customs Service may have contrived its own import trade Duties outside the rules established by the World Trade Organisation (WTO) that are binding on the country.
WTO identifies trade in services as frontier for competitiveness, inclusion
From logistics, to finance, to informatics, services have become the indispensable backbone of many economies. Services generate more than two-thirds of economic output.
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.
Nigeria’s chief trade negotiator, Osakwe is dead
Nigeria’s Chief Trade Negotiator and Director-General of Nigerian Office for Trade Negotiation, Ambassador Chiedu Osakwe, has died. "Amb Chiedu Osakwe, Nigeria's Chief Trade Negotiator & Director General of Nigerian Office for Trade Negotiation @TradeOfficeNG has passed on," African Continental Free Trade Area (AfCFTA) said in a Tweet on Monday. "Africa has lost an illustrious son,…
We must not be trade partners only, but production partners - Aremu
It is better late than never. It is also better to be conscious and not rush into signing yet another trade pact. So, the biggest economy in Africa joining the continental...
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.
UNWTO Secretary-General meets Pope Francis, celebrates shared values between religion, tourism
The Secretary-General of the World Tourism Organization (UNWTO) Zurab Pololikashvili has met with Pope Francis at the Vatican. During the private audience, Mr Pololikashvili expressed his gratitude for the Holy See’s commitment to eradicating poverty and promoting peace and intercultural dialogue, both central themes of UNWTO’s mandate, and outlined his vision for the role tourism…