World Trade Organization members engaging in e-commerce negotiations carried out the first review of text on the topic during Jan. 29 to Feb. 2 talks, the WTO announced. Australia's James Baxter, chair of the 2024 plenary meetings, said that the progress achieved at the negotiations shows that an agreement can be completed "in the next few months."
U.S. priorities during the World Trade Organization's upcoming 13th Ministerial Conference should center on extending the moratorium on e-commerce duties and advancing the second wave of talks on curbing harmful fisheries subsidies, witnesses said at a Feb. 7 hearing of the House Ways and Means Subcommittee on Trade.
Turkey's Ambassador Alparslan Acarsoy, chair of the World Trade Organization's agriculture negotiating body, introduced a draft negotiating text on Jan. 30, which could serve as the basis for talks in the run-up to the 13th Ministerial Conference, the WTO announced. The five-page draft text "builds on the negotiating submissions and interventions that members have made" along with "recent consultations in various formats."
The first meeting of the Steering Committee of the World Trade Organization Fisheries Funding Mechanism was held Jan. 31 to help developing nations and least-developed countries implement the fisheries subsidies deal, the WTO announced.
Turkey will appeal a World Trade Organization dispute panel finding against its retaliatory duties on certain U.S. goods, the WTO announced Jan. 31. Because the Appellate Body is nonfunctional as the U.S. prevents vacancies from being filled, the appeal goes "into the void." As a result, Turkey's tariffs may stand without further rebuke from the WTO.
The sixth iteration of a draft consolidated text on World Trade Organization reform was circulated to WTO members on Jan. 29, the global trade body announced. WTO members were briefed on the latest updates regarding informal talks on dispute settlement reform during a Jan. 26 meeting of the Dispute Settlement Body, and the WTO said it expects final comments on the text will be incorporated the week of Feb. 5. A final draft text is expected by Feb. 9.
Cape Verde formally accepted the agreement on fisheries subsidies Jan. 26, the World Trade Organization announced. Fifty-six members have now accepted the deal, which is just over half the number needed to make a two-thirds majority for ratification.
The U.S. will make a statement in the dispute on the U.S. origin marking requirements for goods from Hong Kong during the World Trade Organization's Jan. 26 dispute settlement body meeting, the WTO said. A dispute panel ruled against the U.S. national security defense of its trade measure requiring goods from Hong Kong to be labeled as being made in China (see 2212220029).
Expect new EU action at the World Trade Organization in 2024, four Akin attorneys said in a Jan. 23 blog poost. With the exceptions of 2023 and 2007, the EU has filed at least one complaint every year since 1995, and is expected to "go back on the offensive" by starting at least one or two WTO spats this year, the attorneys said.
Turkey's Alparslan Acarsoy, chair of agriculture negotiations at the World Trade Organization, told negotiators to focus "more specifically and concretely" on outcomes for the 13th Ministerial Conference, set to be held Feb. 26-29, the WTO said. Reporting on consultations with WTO members during the Jan. 16-17 agriculture talks, Acarsoy said that most members think they will not be able to agree on "modalities" laying out formulas for new commitments, and that the ministerial rather stands as a stepping stone for the WTO's 14th Ministerial Conference. But results on agriculture from MC13 are still attainable in the form of an "acknowledgment of the work undertaken in the agriculture negotiations so far, including recent submissions, as a basis for work after MC13," he said. General objectives and timetables could also surface that will stand as achievements for MC13.