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New chief Roberto Azevedo vows to revive World Trade Organization
Roberto Azevedo of Brazil on Tuesday vowed to revive the deadlocked World Trade Organization, as he was confirmed formally as the incoming leader of the 159-nation body which sets the rules for global commerce. “I will continue to work with you in a new — and very challenging — capacity,”…
World Trade Organization holds elections for top spot
Candidates from nine mainly developing nations face off this week for the job of reviving stalled global trade talks as the new head of the World Trade Organization. Six men and three women, many of them current or former government ministers, have thrown their hat into the ring to replace…
Candidates from nine countries vie to head World Trade Organization
Nine countries have presented candidates to succeed Pascal Lamy as head of the World Trade Organisation ahead of the deadline Monday. The last candidate was Roberto Azevedo, Brazil’s envoy to the WTO, whose name was put forth on Friday. He has been with the world’s trade oversight body since 2008.…
Mexico nominates NAFTA negotiator to lead World Trade Organization
Mexico has nominated a former minister who led the country’s negotiations on the North American Free Trade Agreement to take over the helm of the World Trade Organization, the WTO said Saturday. Herminio Blanco Mendoza is a 62-year-old economist who served as Mexico’s chief NAFTA negotiator from 1990-93, and as…
Russia joins World Trade Organization
Russia on Wednesday crowned a tortuous 18-year campaign by becoming the largest country outside the World Trade Organization (WTO) to formally join the world’s premier free trade club. The Geneva-based institution’s 156th member had spent years harboring deep suspicions about what a flood of better Western products and services might…
Putin signs Russia into World Trade Organization
President Vladimir Putin on Saturday signed the bill ratifying Russia’s entry to the World Trade Organization after 18 years of often acrimonious negotiations, the Kremlin press office said. Economists have long argued that Russia needed to join the WTO as it was the only major economy outside the body —…
U.S. officials urge Congress to end trade curbs on Russia
WASHINGTON — US officials Wednesday upped pressure on Congress to scrap a decades-old law imposing trade restrictions on Moscow and predicted Russia could complete legal moves to join the WTO by late August. US Trade Representative Ron Kirk told US lawmakers that a 1974 law, the Jackson-Vanik amendment, under which…
Senators introduce bill to end trade curbs on Russia
WASHINGTON — A bipartisan group of US senators introduced legislation Tuesday that would scrap a decades-old law imposing trade restrictions on Moscow, saying it’s necessary as Russia joins the WTO. Washington’s former Cold War adversary has been given the green light to join the World Trade Organization, which means the…
U.S. told ban on clove cigarettes violates WTO rules
The World Trade Organization on Wednesday threw out Washington’s appeal against Jakarta’s claim that US rules banning the sale of Indonesian clove cigarettes infringed international trade rules. Washington had banned the production and sale of clove cigarettes under a health act that also blocks the sales of other cigarettes with…
Canada threatens trade war with EU over oil sands
MONTREAL — Canada has threatened to lodge a World Trade Organization complaint against the European Union if the bloc labels oil from Alberta’s tar sands as highly polluting, documents published Monday show. Environmental group Friends of the Earth Europe obtained a copy of a letter sent in December by Canada’s…
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