BRICS countries called for reform of the UN Security Council and the WTO

Brazil, Russia, India, China and South Africa have called for the reform of the world's most important institutions. They consider WTO reform “long overdue” UN Security Council (New York, USA) The BRICS countries support the reform of the UN Security Council and the World Trade Organization, according to a joint declaration following the summit of

Putin instructed to revise Russia’s strategy in the WTO

The President also instructed to conduct a comprehensive assessment of the measures taken by WTO members in relation to Russia, for compliance with the principles of the organization President Vladimir Putin instructed the government to analyze the restrictions adopted against Russia by countries— members of the World Trade Organization (WTO) and submit proposals for updating

The State Duma Committee proposed to return the draft law on withdrawal from the WTO to the authors

It was proposed to leave the organization in A Just Russia. The Economic Policy Committee indicated that withdrawal from the WTO would lead to a change in the country's financial obligations, so the bill requires the government's opinion The State Duma Committee on Economic Policy proposed to return to the authors the draft law on

‘Global trade will plunge by up to a third in 2020’

Global trade growth is expected to plummet by up to a third in 2020 due to the coronavirus pandemic, the World Trade Organisation (WTO) said on Wednesday, warning that the numbers would be “ugly”. “World trade is expected to fall by between 13 per cent and 32 per cent in 2020 as the Covid-19 pandemic

US ends WTO subsidy perks for India, China, others

US has narrowed its internal list of developing and least-developed countries in order to reduce the threshold for triggering a probe into whether nations are harming US industries with unfairly subsidized exports, according to a US Trade Representative notice. In doing so, US eliminated its special preferences for a list of self-declared developing countries that