World Trade Organization members at the Committee on Trade Facilitation's April 16-17 meeting discussed using digital trade tools to "optimize the movement of goods across borders in line with the committee's decision to focus on this topic in 2024," the WTO announced.
World Trade Organization members, during an April 11 Committee on Trade and Development meeting, reviewed developments in regional trade agreements and ways to increase developing nations' role in the global trading system, the WTO announced. The committee noted that developing nations face challenges to participating in international trade, including "dependence on commodity exports and higher trade costs." The members addressed policy spaces for developing nations to boost industrial development, including under the WTO's framework of the Agreements on Subsidies and Countervailing Measures, Trade-Related Investment Measures and Trade-Related Aspects of Intellectual Property Rights.
The World Trade Organization's Committee on Regional Trade Agreements met April 8 to consider six regional trade agreements and discuss how to enhance the committee's functionality, the WTO announced. The committee chair, New Zealand's Clare Kelly, said that members agreed to include an "executive summary in the factual presentations, to be drafted and circulated under the responsibility of the Secretariat."
Turkey opened a safeguard investigation on ethyl acetate, the nation told the World Trade Organization's Committee on Safeguards, the WTO announced. Turkey opened the investigation April 6 and said interested parties must file a questionnaire response within 30 days from the start of the investigation.
Australia and China recently notified the World Trade Organization that they are ending their dispute involving Chinese antidumping and countervailing duties on wine from Australia (see 2310230060. The WTO circulated the notification to WTO members April 3, the trade body announced.
A World Trade Organization dispute panel found that certain elements of Australian antidumping and countervailing duty proceedings on wind towers, deep drawn stainless steel sinks and railway wheels from China violate WTO commitments. Issuing its findings March 26, the panel recommended that Australia bring its measures into conformity with the General Agreement on Tariffs and Trade 1994.
China opened a case at the World Trade Organization against the U.S. Inflation Reduction Act's rules for electric vehicle subsidies and "other measures," the nation's Ministry of Commerce announced March 26, according to an unofficial translation.
The World Trade Organization General Council on March 22 reached consensus on chairpersons for 2024. The new chairs include Norway's Petter Olberg for the General Council, Saudi Arabia's Saqer Abdullah Almoqbel for the dispute settlement body and Chile's Sofia Boza Martinez for the Council for Trade-Related Aspects of Intellectual Property Rights, among others. The WTO noted that talks on a candidate for the chair of the Committee on Trade in Services will continue under Olberg's care, "with the aim of filling the vacancy as rapidly as possible."
India and the U.S. told the World Trade Organization that they reached a solution in the U.S. dispute on India's tariff measures on certain agricultural products, the WTO announced. India and the U.S. resolved six other disputes last year (see 2306230038), the WTO noted.
Parties to the Investment Facilitation for Development Agreement at the World Trade Organization held a meeting March 19, where they reaffirmed their goal of incorporating the deal into the WTO framework "as a most-favoured-nation-based plurilateral agreement open to all members," the WTO said. In addition, Burkina Faso announced that it supports adding the deal to the WTO framework, becoming the 125th member to do so.