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Tag Archives: WTO

UN says patents counter-productive for corona fight

Discussions are under way on enabling wider access to some patented drugs and medical supplies during the coronavirus pandemic, the head of the U.N.’s intellectual property agency said on Tuesday. Francis Gurry, director-general of the World Intellectual Property Organization (WIPO), said that during an emergency, health and safety “trumps everything”. …

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WTO chief calls for calm over tariffs

The World Trade Organization chief warned on Friday that creating barriers to international trade would “jeopardise the global economy,” after Washington slapped steep tariffs on Chinese imports, heightening fears of a trade war. “Disrupting trade flows will jeopardise the global economy at a time when economic recovery, though fragile, has …

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Lagarde warns trade wars are seldom ever won

No one emerges victorious from a trade war, International Monetary Fund chief Christine Lagarde said on Wednesday, warning that the economic impact of US import tariffs would be serious if other countries respond with their own barriers. On Tuesday, US President Donald Trump reiterated his plan to slap big tariffs …

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