U.S. forces WTO appeals court shutdown
The global commerce system suffered a serious blow when WTO's appellate body was brought to a halt by U.S. opposition to refilling judges on its bench.
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The global commerce system suffered a serious blow when WTO's appellate body was brought to a halt by U.S. opposition to refilling judges on its bench.
G-20 foreign ministers agreed WTO reforms are urgently needed to boost its relevance amid an escalating U.S.-China trade war.
The Paris Peace Forum promoted what French President Emmanuel Macron described as a need for "balanced cooperation" among nations.
France and China urged more global cooperation on climate, biodiversity and trade after the U.S. began withdrawing from the 2015 Paris Agreement.
Tourism now accounts for about 1-in-10 jobs worldwide, but it uses up significant amounts of energy and other resources.
The summit in France was overshadowed by fears of an escalating trade war between the United States and China.
As host to the talks, Japan played peacemaker between the U.S. and nations antagonized by Trump's protectionism.
Finance leaders from the world's 20 biggest economies projected moderate global growth and recovery later this year and into 2020, but warned of risks from a prolonged trade war.
Businesses and consumers are subject to "a patchwork of rules" from bilateral and regional trade agreements.
Data worth an estimated US$10 trillion — equal to twice Japan's GDP — moves through underwater cables every day.
The biggest beneficiaries are likely to be the E.U., Mexico, Japan, Canada, South Korea, India, Australia and Brazil.
WTO's stalled negotiations re-emerged on the last day of the World Economic Forum's annual meeting in Davos.
Among the proposals for reining in big tech are the creation of a new system for data oversight and a common digital market.
The Trump administration's broadsides against international cooperation embolden nations with poor human rights records and encourage attacks on journalists, experts said.
Japan will leave the International Whaling Commission, which will drop to 88 members, and resume whaling in April.
The Group of 20's final communiqué expressed concern about the future direction of the World Trade Organization, which U.S. President Donald Trump threatened to leave.