G20 Confronts Global Financial Crisis

Volume
13,
Number
12
-
1 April 2009
1 April 2009
As leaders from the world’s 20 largest economies prepare to meet in London on Thursday, divisions are emerging over how the world should respond to the global economic crisis. But tentative consensus appears to be emerging around calls to secure funding for trade finance, and to both prop up and...
1 April 2009
Global commerce is in danger of “an incremental build-up of restrictions that could slowly strangle international trade” and undermine worldwide attempts to boost demand and restore growth, the WTO director-general warned last week. There has been “significant slippage” in WTO Members’ success at...
1 April 2009
World trade is in free fall and is likely to drop by 13.2 percent in 2009, according to an interim report released by the Organization for Economic Co-operation and Development on Tuesday just two days before a summit of leaders from the world’s 20 largest economies. “The world economy is in the...
1 April 2009
After a week of intense deliberations, the Standing Committee on the Law of Patents (SCP) at the World Intellectual Property Organization decided to pursue further work on four critical issues. The delegates, who met at WIPO headquarters in Geneva from 23 to 27 March, also reviewed preparations for...
1 April 2009
The administration of US President Barack Obama pledged Tuesday to identify and take action against the most significant trade barriers to US exports, either at the WTO or in bilateral or regional forums. "We must work to open new markets around the world for American farmers, manufacturers,...
1 April 2009
Three African economic communities announced plans last week for a major new infrastructure initiative meant to boost trade flows on the continent. With support from foreign donor governments, the groups aim to create a reliable and efficient transport network across eight African countries, from...
1 April 2009
The Association of Southeast Asian Nations may soon finalise an investment deal with China, and is working on a similar agreement with South Korea. The investment agreement with China could be signed at the bloc’s upcoming meeting with the leaders of China, South Korea and Japan, to be held in...
1 April 2009
US rules on internet gambling violate world trade law and have resulted in “serious adverse effects” for European firms, an EU report found last week. “The report concludes that WTO action would be justified,” a statement from the EU Trade Commission said. But Brussels indicated that it would not...
1 April 2009
The United States will not be ready to engage in a high-level meeting on the Doha Round of trade talks at the WTO until this fall at the earliest, a Geneva-based US trade official told Bridges this week. "We're still going through the review process," the official said. "I don't think many people...
1 April 2009
2 April 2009, London, United Kingdom. G20 SUMMIT. World leaders from the Group of 20 nations will meet to enhance global coordination in order to help restore global economic growth amidst the current financial crisis. Summit goals include initiating action to stabilise financial markets and enable...
1 April 2009
REBUILDING GLOBAL TRADE: PROOSPALS FOR A FAIRER, MORE SUSTAINABLE FUTURE SHORT ESSAYS ON TRADE AND GLOBAL ECONOMIC GOVERNANCE. By International Centre for Trade Sustainable Development (ICTSD), Global Economic Governance Programme (GEG), and Oxford, 2009 March. This e-book gathers short essays from...