WTO urges reform amid global economic challenges

WTO urges reform amid global economic challenges

The World Trade Organization pushed for reform at a high-level ministerial meeting in Abu Dhabi on Monday, warning that economic headwinds and geopolitical tensions are threatening global commerce and multilateral trading systems. The WTO's 13th ministerial conference, scheduled to run until Thursday in Abu Dhabi, the capital of the United Arab Emirates, is the first in two years. The AFP news agency reports that the WTO is hoping for progress, […]

February 27, 2024 15

South Africa

China cuts import tariffs on South African rooibos tea by 80%

China has lowered import tariffs on South Africa’s rooibos tea by as much as 80%. According to Bloomberg News, duties on the herbal tea that’s unique to South Africa were lowered to 6% from a range of 15% to 30%. The country’s Department of Trade, Industry, and Competition confirmed the tariff cuts on Tuesday.

January 11, 2024 3