NEWSWORTHY

Japan may take Taiwan's Fukushima food import ban to WTO

National / Politics Dec 2, 2018

Japan may take Taiwan's Fukushima food import ban to WTO

Japan may take Taiwan's import ban on food products from Fukushima and other prefectures affected by the 2011 nuclear disaster to the World Trade Organization, Foreign Minister Taro Kono said Sunday. "It goes against the WTO's quarantine-related agreement," Kono said, referring to Taiwan's ban on ...

G20 summit backs WTO reform ahead of Trump-Xi trade talks

Business Dec 2, 2018

G20 summit backs WTO reform ahead of Trump-Xi trade talks

The leaders of the world's largest economies on Saturday backed an overhaul of the global body that regulates international trade disputes, ahead of high-stakes talks between U.S. President Donald Trump and Chinese President Xi Jinping aimed at defusing a trade war. The Group of 20 ...

G20 cuts pledges to 'fight protectionism' amid U.S.-China trade war

Business Dec 2, 2018

G20 cuts pledges to 'fight protectionism' amid U.S.-China trade war

Leaders from the Group of 20 major economies on Saturday warned that the ongoing U.S.-China trade tensions have been hurting the global trading system but shied away from incorporating the traditionally used phrase "fight protectionism" in their communique. As the U.S. administration of President Donald ...

Business Sep 26, 2018

Japan, U.S., and EU agree to co-sponsor proposal to reform WTO

Trade ministers from Japan, the United States and the European Union agreed Tuesday to co-sponsor a proposal that would bring changes to the World Trade Organization. The proposed changes concern the notification system for domestic industrial subsidies and would also strengthen the activities of the ...

'Urgent need' to reform WTO, G20 trade ministers say

Business / Economy Sep 15, 2018

'Urgent need' to reform WTO, G20 trade ministers say

Trade and investment ministers from Group of 20 countries meeting in Argentina said there was an "urgent need" to improve the World Trade Organization, a joint statement issued from the summit said on Friday. With U.S. President Donald Trump readying tariffs on another $200 billion ...

Business Sep 14, 2018

Japan seeks WTO panel over South Korea's stainless steel bar duties

Japan has asked the World Trade Organization to set up a dispute settlement panel to challenge South Korea's 14-year-old anti-dumping duties on Japanese stainless steel bars. South Korea in 2004 imposed anti-dumping duties of 15.39 percent on imported Japanese stainless steel bars, which are used ...