WTO head confirms 2012 slowdown in world trade
Pascal Lamy, head of the World Trade Organization, confirmed on Thursday that growth in global trade would remain below four percent this year and urged governments against protectionism.
Pascal Lamy, head of the World Trade Organization, confirmed on Thursday that growth in global trade would remain below four percent this year and urged governments against protectionism.
An appeal panel on Wednesday upheld a World Trade Organization ruling that the Philippines broke trade rules by imposing high excise taxes on imported liquor.
To talk about the Philippines in Spain is to talk about a sense of history and affection. My country has a great respect and enormous fondness for the Filipinos, a nation to whom, despite the great distance separating us, we feel particularly close as anyone who has visited us or is working here may well know. We should also acknowledge the warm welcome received by the Spanish in general throughout the more than seven thousand islands making up this wonderful archipelago named after a Spanish king.
The World Trade Organization warned Wednesday that protectionism may be gaining ground in parts of the world amid current economic difficulties and urged world leaders to curb the trend.
MANILA, Philippines—The World Trade Organization has reduced its global trade growth forecast for the year to 5.8 percent in terms of volume, from its initial projection of 6.5 percent, in light of continuing uncertainty, particularly in the United States and Europe. According to WTO economists, exports from developed economies were expected to rise by 3.7 [...]
The Philippine government has formally informed the World Trade Organization that it will appeal a panel report ruling in favor of the United States and the European Union regarding local taxes on distilled spirits. “On 23 September 2011, the Philippines notified the Dispute Settlement Body of its decision to appeal the panel report in dispute [...]
The Distilled Spirits Association of the Philippines (DSAP) said Tuesday calls by the United States and European Union for the Philippine government to heed a World Trade Organization (WTO) ruling declaring local taxes on distilled spirits illegal and discriminatory were premature. In a statement, DSAP president Olivia Limpe-Aw said the decision of the WTO panel [...]
The Thai government has expressed its willingness to cooperate with the Philippine government in ironing out a recently settled dispute on alleged discriminatory fiscal and customs measures against Philippine-made cigarettes exported to Thailand. This developed as the World Trade Organization Dispute Settlement Body (DSB) last July 15 adopted the Panel and Appellate Body reports, which [...]
Malacanang said Thursday it would appeal a recent ruling of the World Trade Organization (WTO) which declared illegal a local excise tax provision that allegedly discriminates against some imported alcohol brands.
THE DISTILLED Spirits Association of the Philippines (DSAP) has urged the Philippine government to appeal the decision of the World Trade Organization declaring as illegal a local tax on imported alchohol brands. “The battle isn’t over for the local distilled spirits industry,” DSAP said in a statement Friday. The group—composed of the largest local distillers—said [...]
The Appellate Body of the World Trade Organization sided with the Philippines in a dispute over cigarette taxes and duties with Thailand, ruling with finality that Thailand was unfairly treating cigarette imports from the Philippines. In a report released last June 17, the Appellate Body upheld an earlier-issued Panel Report by the WTO Dispute Settlement [...]
The negotiated exemption of rice from the Philippines’ World Trade Organization commitments will expire next year. As such, economists believe that the Philippines should not negotiate a further extension of the special treatment for rice under the WTO. In a policy note for the Philippine Institute for Development Studies, economists said the expiration of the [...]
