| Tariffs on critical minerals and their role in the electric vehicle value chain |
| The shift towards clean energy technologies and electric vehicles (EVs) is gaining momentum as the world seeks to combat climate change. This transition requires increased use of critical minerals, such as cobalt, graphite and lithium, which are essential components of EV batteries. However, the use of escalating tariffs in EV production chains could be a factor preventing developing economies from diversifying their exports and moving up the value chain. |
|
| WTO launches new interactive tool “World Trade Statistics 2023 — Key insights and trends” |
| The WTO issued on 31 July “World Trade Statistics 2023”, a new interactive tool presenting key data and trends for international merchandise and commercial services trade in 2023. The digital platform allows users to view the latest trends in world trade, in terms of both value and volume, using filters to display the data by economy, region, selected grouping, product group and services sector. |
|
| WTO issues 2024 Annual Report |
| The WTO published today (30 July) its 2024 Annual Report, providing a comprehensive account of the organization's activities in 2023 and the early part of 2024. The Report looks back at key events over the past year, such as the 13th Ministerial Conference, and describes the WTO’s work in addressing the challenges and opportunities facing world trade. |
|
| DDG Hill: WTO key in helping tackle emerging challenges in complex geopolitical landscape |
| Deputy Director-General Johanna Hill discussed the implications of trade tensions for the future of trade at a panel held during the Singapore Apex Business Summit on 25 July. The panellists looked at key aspects of global economic engagement in areas such as emerging technologies and data and its impact on international trade flows. DDG Hill underscored the vital role of the WTO in helping address modern challenges in the current complex geopolitical landscape. |
|
|
|
