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Ecommerce Seen As Opportunity For All Countries But Hurdles Remain, WTO Panels Say

Electronic commerce was a focus of the World Trade Organization Public Forum last week, a nod to its continuing rise in global importance. Several panels looked at how to integrate developing countries and small and medium-size enterprises into the global stream of online trade. Although ecommerce is an opportunity for developing countries, many hurdles remain for them, most obviously the digital divide, speakers said.

Panel At WTO Discusses Competition Policy And Why It Matters To Trade

Competition policy has evolved along with globalization and trade in past years. Now there are challenges such as the growth in international trade transactions and rapidly increasing cross-border mergers and antitrust cases. In parallel, the proliferation of competition policies and system has created potential of conflict of jurisdiction. Experts on competition and trade policies came together during the World Trade Organization Public Forum last week to discuss what the WTO can do and how better coordination between the competition policy and trade policy can be achieved to support growth and inclusiveness.

Voluntary Sustainability Standards: Virtue Enhancers Or Trade Discriminatory?

Voluntary standards are seen by some as acting as barriers to trade, in particular for developing countries unable to meet the requirements of those private standards. At the World Trade Organization Public Forum, two panels presented two approaches, one looking at governments' role in voluntary sustainability standards, and launching a report by a multi-agency United Nations initiative on those standards. The other one focused on the challenges private standards can represent for developing countries.

US Supreme Court To Examine Outsized Infringement Damages

Patent infringers are supposed to pay damages, but the award in this case struck many as ridiculous. Some Samsung smartphones contained one or two purely decorative design elements that had been patented by Apple. But instead of paying modest damages for what many see as a tiny infringement, Samsung was ordered to pay $399 million – all the profits the company had made from its infringing phones. The Federal Circuit said it had no choice but to approve those damages; it was constrained by statute. Critics, however, said that the Federal Circuit had misinterpreted the statute. They fret the court’s error will unleash a wave of design patent infringement suits that will harm innovation, stifle competition, and empower patent trolls. Which is why so many will be paying close attention on 11 October, when this dispute comes before the US Supreme Court.

Regional Trade Agreements Address Issues Missed By Multilateralism, Speakers Say

Although regional trade agreements are increasing, there is no hiding the fact that they are meeting rising resistance from the public and are difficult to negotiate. At the World Trade Organization Public Forum this week, an industry panel sought to explore how trade agreements could be linked to the WTO process, and if elements of those agreements could be taken on at the multilateral level.

Intergovernmental Organisations Swap Notes On Working For Inclusive Trade

If world trade is to be more inclusive it needs to assess a populist backlash against trade that is occurring in different parts of the world, says Jean-Baptiste Velut, an associate professor at Sorbonne Nouvelle University of Paris. Velut was introducing a panel yesterday during the 5th World Trade Organization Public Forum, an annual event that brings together stakeholders and members of the public to discuss trade issues, with the focus this year on inclusive trade.

WTO Public Forum Opens Against Gloomy Global Trade Perspectives

The 15th World Trade Organization Public Forum, an annual event that brings together stakeholders and members of the public to discuss trade issues, opened today. This year, the focus is on inclusive trade. During the opening session, participants underlined the need for support of micro enterprises, in particular in developing countries. Also today, the WTO released its trade statistics and outlook for 2016, which announced the slowest pace of trade and output growth since the 2009 financial crisis.

CETA To Be Signed (Again) During EU-Canada Summit In Mid-October

European Union trade ministers at an informal meeting in Bratislava, Slovakia today agreed on the final steps to enact CETA, the Comprehensive Economic and Trade Agreement between Canada and the EU. There will be no other reopening of the text, assured EU Trade Commissioner Cecilia Malmstroem after the meeting. But ministers have agreed, according to Slovak Minister of Economy Peter Ziga, that some sensitive issues have to be straightened out in an additional annex to the CETA text.