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Global trading system hit by 'worst disruptions in the past 80 years': WTO chief

Global trading system hit by 'worst disruptions in the past 80 years': WTO chief

The global trading system is experiencing the "worst disruptions in the past 80 years", World Trade Organization chief Ngozi Okonjo-Iweala warned as the WTO ministerial conference opened Thursday. "The world order and the multilateral system we use to know has irrevocably changed," she said, adding:

WTO mulls future of global trade under cloud of Mideast war

WTO mulls future of global trade under cloud of Mideast war

The World Trade Organization's 166 members appeared deeply divided as ministers gathered in the Cameroonian capital for a key conference starting Thursday, amid global economic turmoil linked to the Middle East war. Over four days, WTO members will try to revitalise an institution weakened by geopolitical tensions, stalled

Australia, EU agree sweeping new trade pact eight years in the works

Australia, EU agree sweeping new trade pact eight years in the works

The European Union and Australia struck a long-awaited free-trade deal on Tuesday, while also agreeing to boost defence cooperation and access to crucial rare-earth minerals in the face of global uncertainty over trade. EU chief Ursula von der Leyen's visit to Australia comes as the

Judge seeks update on Customs' progress toward tariff refunds

(The Center Square) – A judge ordered the U.S. Customs and Border Protection to provide an update on the agency's progress toward issuing refunds for tariffs invalidated by the Supreme Court. The ongoing legal battle over tariffs imposed by President Donald Trump has left importers, businesses and consumers

EU chief in Australia as trade talks enter 'last mile'

EU chief in Australia as trade talks enter 'last mile'

EU-Australia talks to strike a trade pact were in their "last mile" Monday, Brussels said as European Union chief Ursula von der Leyen arrived in Sydney raising hopes for a deal. Years in the making, the accord would be the latest inked by Brussels in a push

China's premier vows to expand global 'trade pie': state media

China's premier vows to expand global 'trade pie': state media

China's number two leader Li Qiang said Sunday that his country was willing to help expand the global "trade pie" by further opening up, state media reported, while he slammed unilateralism from certain countries. Many of China's key trading partners have increasingly called on

US-China 'Board of Trade' may help ties but experts flag market worries

US-China 'Board of Trade' may help ties but experts flag market worries

As Washington and Beijing mull a new mechanism to adjust trade between the world's two largest economies, some analysts warn that it could interfere with market forces, while others consider it a path to smoother coexistence. What is the managed approach to trade that Donald Trump's