Reading Time: 2 minutes MarketsFarm — The World Trade Organization (WTO) has ruled largely in favour of the United States in a trade dispute regarding China’s application of tariff rate quotas (TRQs) for wheat, corn and rice. The ruling, issued by the WTO’s Dispute Settlement Body (DSB), stated China did not apply the TRQs on imports of wheat, rice […] Read more
WTO finds for U.S. on crop tariff dispute with China
U.S. wins WTO ruling on Chinese grains
Reading Time: 2 minutes Geneva | Reuters — The United States won a World Trade Organization ruling on China’s price support for grains, successfully challenging a calculation methodology that is also used by India. A WTO adjudication panel agreed on Thursday with the U.S. complaint that China had paid farmers too much for wheat, Indica rice and Japonica rice […] Read more
EU adopts post-Brexit import quotas for farm produce
Reading Time: 2 minutes Brussels | Reuters — The European Union on Monday adopted quotas for farming produce it will accept from third countries after Britain leaves the bloc and acknowledged this could happen before it has concluded talks with them on the subject. The EU has in place a series of tariff rate quotas, allowing agricultural producers such […] Read more
EU clear to start talks to increase U.S. beef imports
Reading Time: < 1 minute Brussels | Reuters — European Union countries agreed on Friday to allow negotiations to start with Washington on increasing U.S. beef imports into Europe, in a move that could ease transatlantic trade tensions. The Commission, which negotiates on behalf of the 28 EU nations, said it would open formal talks in the coming days on […] Read more
U.S. seen likely to win in effort to shut down WTO’s appeals court
Reading Time: 2 minutes Geneva | Reuters — The United States is likely to succeed in shutting down the World Trade Organization’s supreme court because other WTO members are powerless to stop it, diplomats, lawyers and officials said at a conference in Geneva on Friday. The United States has blocked appointments of judges to the Appellate Body, throwing the […] Read more
Trade pact clause seen deterring China trade deals with Canada, Mexico
Reading Time: 3 minutes Washington | Reuters — China’s hopes of negotiating a free trade pact with Canada or Mexico were dealt a sharp setback by a provision deep in the new U.S.-Mexico-Canada trade agreement that aims to forbid such deals with “non-market” countries, trade experts said on Tuesday. The provision specifies that if one of the current North […] Read more
G20 ag ministers slam protectionism, pledge WTO reforms
Reading Time: 2 minutes Buenos Aires | Reuters — Agriculture ministers from the G20 countries criticized protectionism in a joint statement on Saturday, and vowed to reform World Trade Organization (WTO) rules, but did not detail what steps they would take to improve the food trade system. In the statement, they said they were “concerned about the increasing use […] Read more
WTO panel to examine U.S. complaint on B.C. wine sale rules
Reading Time: < 1 minute Geneva | Reuters — The World Trade Organization set up a dispute panel on Friday to rule on a U.S. complaint against restrictions in British Columbia on wine sales in grocery stores, a WTO official said. In line with WTO rules, the decision was taken after Canada made its second request at a closed-door meeting […] Read more
Canada to U.S.: Explain that farm spending war chest
Reading Time: 2 minutes Chicago/Geneva | Reuters — Canada wants the United States to explain why its lawmakers have made an additional $30 billion available to support U.S. farmers hit by trade woes, and how Washington might distribute the money, according to a document published by the World Trade Organization on Thursday. The questions come amid growing trade tensions […] Read more
WTO should prepare for life without U.S., ex-chief Lamy says
Reading Time: 2 minutes Geneva | Reuters — World Trade Organization countries need to prepare for a future without the United States as a member of the club, former WTO chief Pascal Lamy said on Monday. The U.S. has thrown the WTO into crisis by blocking the appointment of new judges, undermining its dispute settlement system just as it […] Read more
A message from April Stewart, Country Guide's Associate Editor
