global trade - updates

Rappler's latest stories on global trade


Global trade set to shrink 18.5% in Q2 2020 – WTO

Jun 23, 2020 - 6:50 PM

The World Trade Organization expects a 'historically large' fall in trade, but says 'it could have been much worse'

SHIPMENTS. Containers are seen at the international cargo terminal at the port of Tokyo in Japan on March 18, 2020. Photo by Kazuhiro Nogi/AFP

WTO to open nominations for next director on June 8

May 21, 2020 - 9:15 AM

The surprise resignation of Roberto Azevedo leaves World Trade Organization members with less than 3 months to appoint his successor, a process which usually takes 9 months

ROBERT AZEVEDO. World Trade Organization Director-General Roberto Azevedo gestures after he speaks to reporters on February 22, 2017 in Geneva.File photo by Fabrice Coffrini / AFP

G20 vows to avoid 'unnecessary' trade barriers

May 15, 2020 - 8:20 AM

G20 trade and investment ministers say export restrictions on vital medical supplies and other essential goods, if necessary, must be 'proportionate, transparent, temporary'

SEA FREIGHT. A cargo ship loaded with containers makes its way to a port in Qingdao in China's eastern Shandong province on January 14, 2020. File photo by AFP

WTO chief to step down early as global economic crisis rages

May 15, 2020 - 8:00 AM

World Trade Organization Director-General Roberto Azevedo says his resignation, effective August 31, is a 'personal decision' reached with his family

World Trade Organization Director-General Roberto Azevedo arrives to speak to reporters on February 22, 2017 in Geneva after the body ratified its first-ever multilateral trade deal. Photo by Fabrice Coffrini / AFP

IMF, WTO warn against export controls on medical supplies, food

Apr 24, 2020 - 11:45 PM

Disruptions to supply chains and misdirection of critical products could 'prolong and exacerbate the health and economic crisis'

SAN PEDRO, CALIFORNIA - NOVEMBER 07: Shipping containers, some marked 'China Shipping', are stacked at the Port of Los Angeles, the nation's busiest container port, on November 7, 2019 in San Pedro, California. Port officials said today October cargo volume was down 19 percent this year compared with October 2018 due to tariffs imposed in the U.S.-China trade war. The Port of Los Angeles along with neighboring Port of Long Beach are the United States' main gateways for trade with Asia. Mario Tama/Getty Images/AFP

Global trade will plunge by up to 32% in 2020 – WTO

Apr 08, 2020 - 10:50 PM

(UPDATED) The World Trade Organization warns this 'may well be the deepest economic recession or downturn of our lifetimes'

Container carrier vehicles are pictured at the container terminal 'Eurogate' in the harbor of the northern German city of Hamburg on March 26, 2020. - German consumer confidence has hit its lowest level since the last global economic crisis, a key survey found on March 26, 2020, as Europe's top economy braces for the impact of COVID-19. (Photo by MORRIS MAC MATZEN / AFP)

Trump ramps up battle against Huawei

May 16, 2019 - 3:15 PM

'Restricting Huawei from doing business in the US will not make the US more secure or stronger; instead, this will only serve to limit the US to inferior yet more expensive alternatives,' says Huawei in a statement

U.S. trade deficit surges to 10-year high in 2018

Mar 06, 2019 - 9:42 PM

America's trade deficit with the world jumped 12.5% to $621 billion, the Commerce Department reports, as both imports and exports rose to the highest levels ever

Image via Shutterstock

'Winter is coming,' Indonesian leader warns amid economic gloom

Oct 12, 2018 - 3:08 PM

Joko Widodo's offbeat reference to the wildly popular show draw applause from the audience attending the annual meetings of the International Monetary Fund and World Bank in Bali

'WINTER IS COMING.' Indonesia President Joko Widodo delivers his speech at the International Monetary Fund (IMF) and World Bank annual meetings in Nusa Dua, on Indonesia's resort island of Bali on October 12, 2018. Photo by Sonny Tumbelaka/AFP

PSE, other Asian markets tumble amid U.S.-China trade war fears

Jun 18, 2018 - 6:15 PM

The Philippine Stock Exchange is down 2.5% on Monday, June 18, as the United States and China move closer to a trade war

What’s next for the ASEAN economy in a post-American world?

Nov 09, 2017 - 9:15 AM

The US-led global order that fostered stability and globalization is crumbling and ASEAN economies will have to be linked closer than ever to thrive in the uncertain new world

Obama, Merkel see 'no return' to pre-globalized world

Nov 17, 2016 - 8:41 AM

Their joint article comes as Obama s successor Donald Trump has pledged to rip up existing trade deals and assume a more protectionist course for the world s top economy

FORWARD. In this file photo, US President Barack Obama (L) and German Chancellor Angela Merkel walk during a welcoming ceremony upon arrival at the Herrenhausen Palace in Hanover, on April 24, 2016 where they meet for bilateral talks. Odd Andersen/AFP

Belgium plans new talks to break EU-Canada trade deadlock

Oct 27, 2016 - 10:46 AM

The stakes are high amid warnings that the EU s international standing will suffer further if 7 years of trade negotiations go to waste because of internal Belgian politics

Vice-Prime Minister and Foreign Minister Didier Reynders (C) speaks to the press as he arrives for a third meeting of the consultative committee with ministers of the Federal government, the regional governments and the community governments, in Brussels on October 26, 2016. Nicolas Maeterlinck/Belga/AFP

Belgium's Wallonia misses EU 'ultimatum' on Canada trade pact

Oct 25, 2016 - 8:20 AM

A Brussels summit to seal a landmark EU Canada trade deal is still possible this week European Council President Donald Tusk says even though Belgium cannot give its approval

NO TO FREE TRADE DEAL. A demonstrator holds a poster reading 'Stop TTIP - Stop CETA' ahead of an emergency meeting of all Belgium federal entities on the EU-Canada Comprehensive Economic and Trade Agreement (CETA) in Brussels on October 24, 2016. Emmanuel Dunand/AFP

Canada-EU failure signals more bad news for free trade deals

Oct 23, 2016 - 2:00 PM

Now the enthusiasm for breaking down borders appears to be fizzling out

NO DEAL. This file photo taken on September 20, 2016 shows a man holding a placard depicting a no entry sign with the TTIP and CETA logos, during a demonstration outside the European Union headquarters in Brussels, to protest against huge transatlantic trade deals linking Europe with Canada and the United States. John Thys/AFP

G20 nations pledge to boost trade despite growing protectionism

Jul 10, 2016 - 5:21 PM

UPDATED Nations pledge to oppose trade protectionism and reiterate a promise not to add new protective measures until 2018

SUMMIT. Ministers and their delegation members attend the opening session of the G20 Trade Ministers Meeting in Shanghai, China. China is the host country for this year's G20 Summit. Photo by Raj Wong/EPA

WTO cuts 2016 global trade forecast to 2.8%

Apr 08, 2016 - 2:15 PM

Trade is still registering positive growth albeit at a disappointing rate says WTO Director General Robert Azevedo

epa05247499 Roberto Azevedo, the World Trade Organization (WTO) Director-General, speaks during a press briefing on the 2016 global trade forecast, at the WTO headquarters in Geneva, Switzerland, 07 April 2016. EPA/MARTIAL TREZZINI

China behind global trade slowdown in 2015 – World Bank

Mar 10, 2016 - 6:50 PM

Trade increased only 1 7 last year says a new World Bank report

epa05203895 People shop in a supermarket in Beijing, China, 10 March 2016. China's consumer price index, which measures retail inflation, grew 2.3 per cent in January from one year earlier, up slightly from January's 1.8 per cent, official data showed on 10 March. EPA/WU HONG

US-ASEAN Summit likely a 'win' for global trade – HSBC

Feb 15, 2016 - 5:16 PM

The summit could be a springboard for increased trade between the United States and Southeast Asian nations

WTO to help settle US, New Zealand farm trade row with Indonesia

May 21, 2015 - 9:57 AM

Indonesia s protectionist import policies on agricultural product backfired

A women walking through a farm in Bali, Indonesia. Foto by Anton Muhajir/Rappler

WTO at a crossroads amid blocked trade deal

Oct 12, 2014 - 1:01 PM

The World Trade Organization s continued sparring between members puts the long sought Trade Facilitation Agreement on ice

WTO Director-General Roberto Azevedo of Brazil (L) looks on next to the chairperson of the general meeting, Ambassador Shahid Bashir (R), on November 26, 2013 in Geneva, after a crunch general council meeting to decide whether they could put a deal on the table at a make or break summit next month. AFP PHOTO / FABRICE COFFRINI

PH jumps 8 notches in WEF global trade index

Apr 02, 2014 - 3:07 PM

The index measures how well countries facilitate the flow of goods and services over borders to their jurisdictions

UP 8 NOTCHES. The Philippines improves its ranking in the World Economic Forum's Enabling Trade Index 2014 report

WTO chief says global trade deal within reach

Oct 05, 2013 - 8:34 PM

Although the areas under negotiation are limited the gains can be enormous Azevedo says

CLOSE. World Trade Organization Director General Roberto Azevedo (L) talks to journalists during a joint press conference with Indonesian Trade Minister Gita Wirjawan on the sideline of the APEC Ministerial Meeting. Photo by Mast Irham/EPA

PH July exports growth slows down

Sep 10, 2013 - 11:55 AM

Exports rose to 4 84 billion in July

INDICATOR. The performance of the exports sector, particularly the electronics industry, indicates how vulnerable the Philippines is to global economic weakness. Photo by AFP

WTO chief raises spectre of failure at key trade talks

Apr 11, 2013 - 11:44 PM

WTO Director General Pascal Lamy fears the worst for the Doha Round of talks in Bali

DOHA DOOMED? World Trade Organization (WTO) Director-General Pascal Lamy gestures during a press conference on April 10, 2013 at WTO headquarters in Geneva. Photo by AFP

'PH at risk of prolonged low wages, high unemployment'

Sep 13, 2012 - 3:04 PM

The Philippines is at risk of experiencing prolonged low wages and high unemployment due to weak global trade says Unctad

China manufacturing at more than 3-year low: HSBC

Sep 03, 2012 - 1:13 PM

The global economic slowdown continues to weigh on the world s largest exporter

World trade growth to slow in 2012 to 3.7%: WTO

Apr 12, 2012 - 7:50 PM

The World Trade Organization blames economic shocks such as the eurozone debt crisis for the expected slower growth of 3 7 this year after 5 growth in 2011