In a bid to stabilise global trade amidst rising tensions fueled by U.S. President Donald Trump’s tariff policies, the European Union has taken an assertive stance, advocating for a 0% tariff regime. The EU, alongside nations like Vietnam, argues that eliminating tariffs on both sides could lead to a more balanced and frictionless trading system. Read More…
Tag: WTO
German Institute urges EU-Africa WTO reform to counter Chinese influence
The German Economic Institute (IW) is advocating for a strategic collaboration between the European Union (EU) and African nations to overhaul World Trade Organisation (WTO) subsidy regulations, aiming to mitigate Chinese market imbalances and diplomatic leverage. In a recent publication, the IW proposed this strategy, emphasising the need to address distortions caused by China’s economic Read More…
Final WTO talks under way on selecting new leader, delegates say
World Trade Organization members are conducting final consultations this week on selecting a new director-general (DG) and are widely expected to endorse Nigeria’s candidate at their next formal meeting, delegates said on Monday. Washington backed Nigerian former finance minister Ngozi Okonjo-Iweala on Friday, reversing its previous opposition and prompting her to express optimism about her Read More…