When bilateral talks fail to resolve disputes between sovereign countries, aggrieved parties may turn to an international judicial body, such as the International Court of Justice (ICJ) in The Hague. Similarly, the World Trade Organization’s (WTO) articles, which underpin the international trading system, outline procedures for member countries to follow when trading partners violate the organization’s rules, particularly the most-favored-nation principle. When former U.S. President Donald Trump, citing national-security concerns, imposed tariffs on steel and aluminum imports, many of the United States’ trading partners viewed this as a fig leaf for protectionism and filed complaints with the WTO.
Emanuel said he expected the United States to support Japan if Tokyo takes China to the World Trade Organization over China's ban on seafood imports from Japan. Emanuel was visiting the city of Soma in Fukushima prefecture to show his support for the local fishing industry after the start of the water discharge from the plant.
The World Trade Organization Director-General Ngozi Okonjo-Iweala on Tuesday said the future of trade is in services and it has to be green, digital and inclusive. As many countries prioritise national security in their trade policies, there is a risk that friend-shoring would distribute the gains of economic growth unequally, she added.
(File photo) MANILA - A party-list lawmaker on Thursday pushed for a measure seeking to eliminate hunger and make affordable healthy food accessible to all Filipinos. Anakalusugan Rep. Ray Florence Reyes filed House Bill 2189, or the Zero Hunger bill, in line with President Ferdinand Romualdez Marcos Jr.'s policy pronouncements to exhaust all efforts to ensure food security in the country. The World Bank, the World Trade Organization, the United Nations Food and Agriculture Organization, and the World Food Programme have warned of a global food crisis affecting poor and developing countries. The bill, Reyes said, calls for a whole-of-government approach to eradicate the problem by 2030, as it presses for the re-examination and calibration of government policies in line with the United Nations Sustainable Development Goals. "It is our duty to address, not just hunger incidence but also the lack of healthy food available to all at a fair price point," Reyes said. "Free
Africa must wean itself off dependence on food and medicine imports, the president of the African Development Bank (AfDB) said, as the institution approved creation of a pharmaceutical tech foundation and began processing requests for food relief.