GENEVA (AFP)--World Trade Organization head Pascal Lamy said Friday the economic crisis made it "more pressing" for a global trade deal in 2009 after he scrapped a planned summit next week due to insurmountable differences....
BEIJING --China's exports fell for the first time in over seven years in November while imports dropped sharply, reflecting the severity of the slowdown in global trade. The worse-than-expected trade data indicate that countries looking...
U.S. Trade Deficit Likely Contracted The Commerce Department is expected to report the trade deficit contracted in October, amid a global downturn, declining oil prices and recent strengthening in the U.S. dollar. In September, the...
PRAGUE --The Czech Republic's swing to a trade deficit Monday shows the global economic slowdown is now taking its toll on Central Europe as export orders dwindle. These pains are pronounced in Europe's new car-making...
LONDON --The U.K. global goods deficit widened to GBP7.8 billion in October from a revised GBP7.4 billion in September, the Office for National Statistics said Tuesday. The market was expecting a deficit of GBP7.5 billion,...
The world economy is on the brink of a rare global recession, the World Bank said in a forecast released Tuesday, with world trade projected to fall next year for the first time since 1982 and capital flows to developing countries predicted to plunge 50 percent.
BEIJING --China is unlikely to do anything that might exacerbate protectionist sentiment in a deteriorating global economic climate, U.S. Trade Representative Susan Schwab said Thursday on the sidelines of the fifth U.S.-China Strategic Economic Dialo...
GENEVA (AFP)--World Trade Organization chief Pascal Lamy has sent a fax to member states of the trade bloc to prepare ministers for a possible meeting starting Dec. 13 in a bid to conclude a global...
GENEVA (AFP)--World Trade Organization chief Pascal Lamy has asked member states to prepare for a possible meeting on concluding a global trade liberalization pact, with key countries to gather in coming days, sources said Wednesday....
(Updates with comments on new U.S. administration) GENEVA (AFP)--Brazil and the European Union's chief trade negotiators expressed optimism Monday a global trade liberalization deal could be done, saying that there was increasing convergence in their...