| Transparency concerns remain at centre during discussions at SCM Committee meeting |
| The Committee on Subsidies and Countervailing Measures (SCM) held regular and special meetings on 23 April 2024. The need to improve transparency through the submission of timely and complete subsidy notifications was once again a major theme. Committee Chair James Lester (New Zealand) emphasized the critical importance of transparency for the Committee’s operations and highlighted the concerning low rate of compliance with notification obligations. He strongly encouraged members to submit their pending notifications. |
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| Members review anti-dumping actions and regulations at first biannual meeting of 2024 |
| The WTO's Committee on Anti-Dumping Practices met on 24 April 2024 to review members' latest notifications of new, amended or previously reviewed anti-dumping laws and regulations as well as reports on anti-dumping actions. |
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| Thirty years of trade growth and poverty reduction |
| Since the signing of the Marrakesh Agreement Establishing the World Trade Organization on 15 April 1994, global trade has surged, reaching over US$ 30.4 trillion in 2023, a fivefold increase since 1995. At the same time, tariffs have declined markedly under the WTO, helping to reduce trade costs. This growth in trade has coincided with a significant decrease in poverty worldwide, indicating the impact of trade on supporting economic development and improving people’s lives. |
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