The WTO’s latest World Trade Statistical Review 2019 confirming a continuous uncertainty on global trade and a rise on trade-restrictive measures. The report highlights that trade continues to be concentrated. The ten leading traders in 2018 represented more than half of world trade.
World Trade Organization
The lack of availability of trade finance is impeding the trade opportunities of small businesses, specifically in developing countries, according to a new publication by the World Trade Organization (WTO) and the International Finance Corporation, launched on 3 July at the Global Review of Aid for Trade.
In light of the Oceans Day celebrated in the shipping industry, the World Trade Organisation (WTO) published a video on a success story in sea life recovery in Costa Rica. A fishing community in Tárcoles, on the country’s Pacific Coast, decided to act and protect their livelihoods by setting up a marine conservation area.
World trade growth is possible to remain weak into the second quarter of 2019, according to the WTO’s latest World Trade Outlook Indicator, released on 20 May. The new WTOI reading is 96.3, exactly as it was in the previous release in February 2019, maintaining the weakest level since 2010. The latest WTOI is still well below the baseline value of 100 for the index.
A delegation from the ICS, the Asian Shipowners’ Association (ASA) and the European Community Shipowners’ Associations (ECSA) has, at the World Trade Organization in Geneva, raised concerns regarding recent increases in protectionist measures. The associations presented two position papers to the WTO, to highlight the importance of the shipping sector fully committing to the preservation and promotion of free trade policies and principles around the world.
During the 7th session of the UNCTAD meeting on transport, trade logistics and trade facilitation, the participants focused on the reforms the governments should conduct to ease flow of products across borders, many of which fall under the World Trade Organization (WTO) Agreement on Trade Facilitation.
The world trading system should be continuously re-examined with regard to reforming the World Trade Organization (WTO) and the governance of data flows, given the escalation of trade restrictive measures and the impact on businesses, said Mr Akahoshi, President of JETRO.
The World Trade Organization (WTO) published the World Trade Outlook Indicator 2019, which expects slower trade growth and the weakness is possible to extend into the first quarter of 2019. The decline of several trade-related indicators should alert policy makers for a sharper slowdown, whether the current trade tensions remain unresolved.
Amid rising interest on blockchain, the World Trade Organization (WTO) issued a new report seeking to demystify the technology and analyse its capacity to transform world trade. The publication explores how the technology could enhance areas related to WTO work and examines challenges that will have to be tackled to unlock the technology’s potential.
Amendments related to the IBC Code23/08/2019
Key requirements from the BCH Code amendments23/08/2019
- Loss Prevention
Lessons learned from fire due to faulty mobile phone charger23/08/2019
Pointe-Noire terminal in Sept-Îles to improve its infrastructure23/08/2019
Port of Vancouver to strengthen resilience to climate change23/08/2019
Port of Hamilton's capacity to increase23/08/2019
Canada fines vessel for breaching speed restriction in Gulf of St. Lawrence23/08/2019
Watch: Vopak Terminal Botlek well underway23/08/2019
JAXPORT records its best ever July for container volumes23/08/2019
Two new dual-fueled tankers using methanol join the Methanol Institute23/08/2019