TYPE: CN )) Russia became the 156th member of the World Trade Organization on Wednesday, following nearly two decades of negotiations. Russia was one of the world’s last major economies to join the Geneva-based institution, having previously expressed concerns about the potential influx of Western goods and services. As part of its membership, Russia has […]
Russia Becomes 156th Member of WTO
Posted August 22nd, 2012 at 10:00 am (UTC-5)
Russia became the 156th member of the World Trade Organization on Wednesday, following nearly two decades of negotiations. Russia was one of the world’s last major economies to join the Geneva-based institution, having previously expressed concerns about the potential influx of Western goods and services. As part of its membership, Russia has agreed to lower […]
Russian Parliament Approves WTO Entry
Posted July 18th, 2012 at 5:45 am (UTC-5)
Russian lawmakers have ratified the country’s membership in the World Trade Organization, leaving President Vladimir Putin’s signature as the last step in a bid that has taken nearly two decades to complete. The upper house of Russia’s parliament gave its approval Wednesday. The lower house backed WTO entry last week. Russia was the last of […]
WTO: China Discriminating Against US Credit Card Companies
Posted July 16th, 2012 at 12:30 pm (UTC-5)
The World Trade Organization has concluded that China is discriminating against U.S. credit card companies by denying them full access to the Chinese market. The WTO Monday sided with U.S. claims that a Chinese company, China UnionPay, discriminated against foreign financial institutions by not allowing them legitimate access to the country’s electronic-payment systems. The ruling […]
Russian Parliament Approves WTO Membership
Posted July 10th, 2012 at 7:15 pm (UTC-5)
Russia’s lower house of parliament has approved the country’s entry into the World Trade Organization, a longtime goal of Kremlin leaders. When the upper house passes the bill and President Vladimir Putin signs it, Russia will officially become a WTO member 30 days after that. Joining the WTO has been a major goal for Russia […]
US to Seek Trade Sanctions in Airbus-Boeing Dispute
Posted March 30th, 2012 at 2:40 pm (UTC-5)
The U.S. is calling on the World Trade Organization to investigate whether the European Union has ended its subsidies of Airbus, the world’s biggest aircraft manufacturer. U.S. Trade Representative Ron Kirk accused the EU of continuing illegal trade support of the French-based company and is seeking as much as $10 billion in trade sanctions. He […]
WTO Rules US Planemaker Boeing Got Illegal Subsidies
Posted March 12th, 2012 at 3:05 pm (UTC-5)
An appellate panel of the World Trade Organization has ruled that U.S. aircraft manufacturer Boeing received billions of dollars in illegal government subsidies in its competition with the world’s biggest planemaker, Europe’s Airbus. Monday’s ruling by the WTO appeals panel largely confirmed an earlier finding that Boeing, the second biggest aircraft maker, received support from […]
China Loses WTO Appeal on Export Restrictions
Posted January 30th, 2012 at 3:40 pm (UTC-5)
China has lost an appeal at the World Trade organization over the export of raw materials. The WTO Monday upheld a ruling that China could not restrict exports of key raw materials including bauxite, magnesium, manganese and zinc. The United States, the European Union and Mexico had all launched a complaint against China in 2009. […]
WTO Officially Accepts Russian Membership
Posted December 16th, 2011 at 12:10 pm (UTC-5)
The World Trade Organization has officially accepted Russia as a member, after 18 years of negotiations. A meeting of ministers from the trade body’s existing 153 member countries gave final approval Friday to membership for Russia, which in return has agreed to measures including a cap on tariffs, limits on subsidies and allowing foreign banks […]
