Trade, World Trade Organization | featured news

The United States launched a blistering attack on fellow World Trade Organization member states on Thursday for failing to do more to cut global barriers to trade, criticizing India in particular for trying to introduce a "massive new loophole".

Indonesia may hold the key to a $1 trillion injection into the global economy. That's how much the World Trade Organization believes is riding on talks later this year in Bali, when trade ministers hope to cut through some of the red tape that slows global commerce.

After 18 years of negotiation, Russia on Wednesday entered the World Trade Organization, which restricts import duties and subsidies in an attempt to create a level playing field for international trade.

The United States has filed a trade complaint against China for imposing duties on U.S.-made autos, the World Trade Organization (WTO) said on Thursday.

The World Trade Organization's top arbitrators upheld a ruling that China is illegally restricting imports of U.S. music, films and books, and Washington pushed forward with a new case accusing China of manipulating the prices for key ingredients in steel and aluminum production.