Trends - World Trade Organization

World Trade Organization

UK parliament will need time to approve any trade deal, says Gove

Our approach is that we will need ... if we have secured an agreement ... time to allow parliament to have its voice and its say and to legislate and if we don’t have time for that, then the clock has run out and no agreement.

Published 17 Dec, 2020 08:16pm

Business & Finance

US, EU deal on aircraft subsidies should include China clause

European diplomats said the sides remained at odds, but expected to eventually reach an agreement with Lighthizer or possibly his successor.

Published 17 Dec, 2020 11:13am

World

‘Some progress’, most likely outcome with EU is no trade deal, UK PM's spokesman says

Australia does not have a free trade agreement with the EU, meaning the bulk of its trade is on World Trade Organization terms.

Published 16 Dec, 2020 08:09pm

World

WTO mulls how to ease food aid hurdles in pandemic

If adopted, the proposal would "ban export restrictions on these foodstuffs which hinder the World Food Programme's ability to procure (food products for) the populations most in need across the world."

Published 16 Dec, 2020 05:09pm

World

Australia takes China to WTO as trade war deepens

"We have continued to raise our concerns with China on numerous occasions," Birmingham said, lamenting that efforts to reach a negotiated settlement had failed.

Published 16 Dec, 2020 04:44pm

Markets

Australian shares jump most in over two weeks on US stimulus hopes

"If the coal issue with China is resolved early in the new year, it would relax the market in relation to other commodities that are exported to China," Smoling added.

Published 16 Dec, 2020 12:06pm

Business & Finance

Australia to launch appeal to WTO over China's barley tariffs

About 70% of Australian exports of the grain typically go to China, Australian data show.

Published 16 Dec, 2020 10:19am

Business & Finance

WTO delays decision on waiver on COVID-19 drug, vaccine rights

Big Pharma" has rejected an idea proposed by India and South Africa that would grant compulsory licensing of the vaccines and drugs by overriding patent rules of WTO's Trade-Related Aspects of Intellectual Property (TRIPS) agreement.

Published 11 Dec, 2020 02:20am

Business & Finance

WTO sees trade rebound, but likely year-end slowdown

The WTO said its goods trade barometer had risen to 100.7 points from a record low of 84.5 points in August, driven by a surge in export orders.

Published 20 Nov, 2020 04:28pm

World

UK's Johnson tells ministers he wants a trade deal on ‘right terms’

The bulk of Australia's exports to the EU are subject to tariffs and quotas set under basic World Trade Organization (WTO) terms.

Published 13 Oct, 2020 07:31pm

Business & Finance

US appeals WTO ruling in lengthy Canada lumber dispute

And on Monday, the US notified the body of its decision to appeal the panel report, according of a written version of comments made to a DSB meeting.

Published 28 Sep, 2020 06:55pm

World

WTO finds US tariffs on China breach trading rules

A three-person panel ruled that Washington had not shown why the tariffs, imposed after an investigation into forced transfer of technology and intellectual property. It also found that the United States had not adequately explained the choice of products hit by the tariffs.

Updated 15 Sep, 2020 09:13pm

Business & Finance

WTO goods trade index hits record low, detects some recovery signs

The exact extent of the fall will become clear only when official trade data for April to June become available.

Published 19 Aug, 2020 04:12pm

World

WTO set to skip naming acting chief after US push caused deadlock

The US is insisting on an American, but China and Europe put the brakes on that.
A decision to finalise the interim arrangement could come as early as this week when WTO members are expected to meet.

Published 29 Jul, 2020 11:07pm

Business & Finance

Airbus makes gesture to resolve EU-US dispute

"Airbus considers itself in complete compliance with all WTO rulings," it said in a statement.

Published 24 Jul, 2020 06:20pm

World

EU calls on US to lift tariffs in plane dispute

Airbus said Friday it had reached agreement with the French and Spanish governments that raises the interest rates on funds provided to help develop its long-haul A350 jet to levels the WTO considers appropriate.

Published 24 Jul, 2020 06:16pm

World

Exiting chief warns against 'big bang' reform of beleaguered WTO

"There was no effort spared," he said, responding to a question on how he would grade his performance from one to 10 with: "I would rate 12".

Published 23 Jul, 2020 07:36pm

Business & Finance

WTO leadership rivals pitch path out of 'existential crisis'

The next WTO director-general will also have to take the helm in the midst of a global economic crisis triggered by the coronavirus pandemic.

Published 15 Jul, 2020 11:28pm

World

WTO backs Qatar in broadcast rights dispute with Saudi Arabia

The three-person panel ruled that Saudi Arabia's failure to act against beoutQ was a breach of WTO rules.

Published 16 Jun, 2020 07:30pm

World

France pledges 15bn euros for stricken aviation firms

"We are declaring a state of emergency to save our aeronautics industry so that it can be more competitive," Finance Minister Bruno Le Maire said at a press conference in Paris.

Published 09 Jun, 2020 04:09pm

Business & Finance

China says US trade sanctions on Hong Kong violate WTO rules

Removing the special status would affect a bilateral extradition treaty, commercial relations and export controls between the US and the Asian financial hub.

Published 04 Jun, 2020 04:58pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 29	278.53
USD PKR Interbank Buying / Apr 29	278.03
USD to Japanese Yen / Apr 29	156.41
USD to Swiss Franc / Apr 29	0.91
Pound Sterling to USD / Apr 29	1.25
Euro to USD / Apr 29	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Dow Jones / Apr 26	38239.66
India Sensex / Apr 29	74257.68
Hang Seng / Apr 29	17861.75
FTSE 100 / Apr 29	8179.85
Germany DAX 30 / Apr 29	18202.27

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Crude Oil USD/Barrel / Apr 29	83.16
Gold 10 Grams PKR / Apr 29	209105
Gold Spot USD/Ounce / Apr 29	2332.70
Cotton US¢/pound / Apr 29	82.15
Petrol/Litre / Apr 30	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 30 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 30 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 30 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 30 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 30 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 30 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 30 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 30 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 30 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 30 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 30 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 30 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 30 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 30 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 30 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 30 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 30 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 30 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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