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The World Trade Organization headquarters in Geneva.

REUTERS/Denis Balibouse

Viewpoint: US reversal on e-commerce rules will hurt global consumers

Last month’s surprise decision by the Office of the US Trade Representative to withdraw e-commerce proposals under discussion at the World Trade Organization is a new sign of growing US skepticism of free trade and the influence of big tech. The proposals, introduced by the US in 2019, aimed to establish rules protecting cross-border data flows and prohibiting national-level data localization requirements. We asked Xiaomeng Lu, a director of Eurasia Group’s geo-technology practice, to explain the consequences of the USTR’s reversal.
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Hard Numbers: GDP wars, WTO rules in Beijing’s favor, Africans support Chinese engagement, China winning 5G battle

5.9: China’s GDP could grow on average 5.9 percent per year until 2025, according to the Center for Economics and Business Research, which predicts that China will overtake the US as the world’s largest economy by the end of the decade. The Chinese economy was worth $18 trillion in 2021, compared to America’s $23 trillion.

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Japan unhappy after WTO panel set up to rule on curbs of exports to South Korea

July 30, 2020 4:11 PM

TOKYO/SEOUL (REUTERS) - Japan said on Thursday (July 30) it was disappointed South Korea was proceeding with a complaint to the World Trade Organisation (WTO), a day after the body set up a panel to rule on curbs imposed by Tokyo on exports of some key technology materials to its neighbour.

South Korea's first female trade minister bids for WTO top job

June 24, 2020 10:26 AM

SEOUL (REUTERS) - South Korea's trade minister Yoo Myung-hee on Wednesday (June 24) announced her bid to become the next director-general of the World Trade Organization (WTO), aiming to be the first female leader at the WTO.

South Korea's appeal succeeds in Japanese Fukushima food dispute at WTO

April 12, 2019 12:26 AM

GENEVA (REUTERS) - South Korea won the bulk of its appeal on Thursday (April 11) in a dispute at the World Trade Organisation over import bans and testing requirements it had imposed on Japanese seafood in the wake of the 2011 Fukushima nuclear disaster.

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