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Recently, the World Trade Organization (WTO) released the "Global Trade Outlook and Statistics" report. It is expected that the global merchandise trade volume will grow by 1.7% this year, which is lower than last year and the average growth rate of the past 12 years.Several major Asian exporters re
The World Trade Organisation (WTO) recently allowed China to impose $3.6 billion in sanctions against the United States in a case that predates the tariff war now. The damages awarded are the third highest in WTO’s history, according to a WTO document. The amount is about half of that requested by C
India recently rejected US claims of imposing ‘tremendously high’ tariffs, saying its import duties are within the World Trade Organisation (WTO) norms. India’s import duties are consistent with the bound rates that it is entitled to at the WTO and comparable to more liberal developing economies and
