In 2023 alone, the WTO estimates that the global trade in these AI-enabling products reached a staggering $2.3 trillion TECHNOLOGY | AGENCIES | AI could boost global trade by almost 40% by 2040, according to a new report from the World Trade Organization, though the benefits can only be shared …
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The world trade body previously expected global goods trade to expand by 2.7% in 2025 but it now forecasts it will fall by 0.2% ANALYSIS | CHARLOTTE EDWARDS | The World Trade Organization (WTO) has forecast that global trade will fall this year because of US President Donald Trump’s tariffs. It …
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Secretary to the Treasury, Ggoobi meets multinational coffee merchant Tamari in 2-day visit to Geneva Geneva, Switzerland | THE INDEPENDENT | Secretary to the Treasury, Ministry of Finance, Planning and Economic Development Ramathan Ggoobi has expressed gratitude to the World Trade Organization (WTO) for its continuous support to Uganda. He highlighted the …
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GENEVA | Xinhua | Chinese economic recovery from the impact of the Covid-19 pandemic will be an important factor in driving world trade growth, said Ralph Ossa, chief economist of the World Trade Organization (WTO), in a recent interview with Xinhua. On Wednesday, the WTO published the 2024 edition of …
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Kampala, Uganda | THE INDEPENDENT | Several African countries are on the way to being declared middle-income economies, with the declaration of some coming sooner than Uganda’s, amidst major disruptions in global trade. These disruptions include the reorganization of trade routes and partnerships due to the geopolitical situations in Eastern Europe, …
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Tianjin, China | XINHUA | Chinese Commerce Minister Wang Wentao submitted the instrument of acceptance for the Agreement on Fisheries Subsidies to Director-General of the World Trade Organization (WTO) Ngozi Okonjo-Iweala in north China’s Tianjin Municipality on Tuesday. The submission means the Chinese side has completed its domestic legal procedures …
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Geneva, Switzerland | Xinhua | The World Trade Organization (WTO) ruled on Wednesday that the United States was violating international trading laws by requiring Hong Kong products to be labeled as “Made in China.” The U.S. origin marking requirement has violated the country’s obligation under the trade body’s rules, said a …
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The conflict has pushed up food and energy prices, and reduced the availability of goods exported by Russia and Ukraine Geneva, Switzerland | Xinhua | The ongoing conflict between Russia and Ukraine has dealt a severe blow to the global economy, reducing forecasted global trade growth for 2022 from the 4.7 …
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It is becoming clear that the Ukraine war’s economic and humanitarian repercussions – especially rising food prices – will be felt far beyond Europe, and international community must act now. COMMENT | NGOZI OKONJO-IWEALA | The war in Ukraine is causing immense, heart-wrenching human suffering. At the World Trade Organization, …
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The dark side of African Continental Free Trade Area Kampala, Uganda | ISAAC KHISA | Africa’s heads of state on March 21, 2018 descended onto the hills of Kigali, Rwanda, to sign the long awaited agreement to create the African Continental Free Trade Area (AfCFTA) that encompasses more than 1.2billion …
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The Independent Uganda: You get the Truth we Pay the Price
