Tag: World Trade Organization

US trade commission blocks 300% tariffs on Bombardier CSeries planes

by Douglas Gillison Agence France-Presse WASHINGTON, United States (AFP) – A bipartisan US trade panel on Friday blocked the government’s decision to impose nearly 300 percent punitive tariffs on airplanes manufactured by Canada’s Bombardier, in a dispute that has inflamed relations with Ottawa. The US International Trade Commission voted 4-0 that there was no injury to US manufacturers, which effectively forces President Donald Trump’s Commerce Department to reverse course on the retaliatory measures designed to protect Boeing. […]

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WTO calls US state’s Boeing subsidies illegal in win for EU

GENEVA, Switzerland (AFP) – by Ben Simon Subsidies given by the US state of Washington to Boeing are illegal, the World Trade Organization said Monday, in a victory for rival aircraft maker Airbus and the European Union. The ruling from a WTO panel is the latest blow in a drawn out trans-Atlantic battle between the aviation industry’s two titans, which has seen both Airbus and Boeing score points along the way. The WTO said that […]

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WTO cuts 2016 world trade growth forecast to 1.7 percent, cites wake-up call

  (REUTERS) The World Trade Organization cut its forecast for global trade growth this year by more than a third on Tuesday, reflecting a slowdown in China and falling levels of imports into the United States. The new figure of 1.7 percent, down from the WTO’s previous estimate of 2.8 percent in April, marked the first time in 15 years that international commerce was expected to lag the growth of the world economy, the trade […]

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WTO Trade Facilitation Agreement to enhance ease of doing business in Phl

MANILA, Feb. 10 (PIA) — Philippine products and services are bound to reach an even wider international market once the World Trade Organization’s (WTO) Trade Facilitation Agreement (TFA) is ratified. “The TFA enables streamlined, transparent, and efficient customs procedures which would result to a more conducive trading environment for business, and reduce prices for consumers and producers,” said Department of Trade and Industry (DTI) Secretary Adrian S. Cristobal Jr. “The procedures and provisions in the TFA establishes a more efficient […]

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PHL formally asks WTO to force Thailand to comply on cigarette import ruling

MANILA, Feb. 2 (PNA) — The Philippines has formally asked the World Trade Organization (WTO) to compel Thailand to act consistently with the multilateral trade body’s ruling favoring the customs valuation of Philippine-made cigarette imports. The move was prompted by a legal action taken by the Thai government against Philip Morris Thailand which imports cigarettes from its Philippine affiliate. This was viewed by the Philippines as inconsistent with the WTO decision that ruled against Thailand’s […]

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