world trade organisation

Global trade growth to rebound this year; geopolitical tensions pose downside risks: WTO forecast

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Global trade growth to rebound this year; geopolitical tensions pose downside risks: WTO forecast

New Delhi: The global trade growth is expected to pick up gradually this year after a contraction in 2023 but regional conflicts, geopolitical tensions and economic policy uncertainty pose substantial downside risks, according to a WTO forecast released on Wednesday. The World Trade Organisation (WTO), however, lowered the trade growth projection for 2024 to 2.6 … Read more

Over 70 WTO nations agree to take additional obligations in services sector; India to benefit

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Over 70 WTO nations agree to take additional obligations in services sector; India to benefit

India would benefit from a move of over 70 nations like the UK, UAE and Australia that have agreed to take on additional obligations in the services sector under an agreement of the WTO, an official said on Tuesday. These WTO (World Trade Organisation) members are taking the additional obligations under the General Agreement on … Read more