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About John
John Zarocostas is an international correspondent and broadcaster based in Geneva, Switzerland, for English language Newspapers, Magazines, Television, and Radio, outlets in Europe and North America. In December, 2016 he was awarded by the Geneva Press Club the "Prix Nicolas Bouvier," for written coverage  on a range of international issues.
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L’Oréal Top Filer of Trademark Applications in 2023

09 Mar 2024  |  ca.style.yahoo.com
In 2023, despite a global decline in international trademark applications, fashion and beauty companies like L’Oréal, which filed 199 applications, and Shiseido, with 103 applications, saw increases. Luxury brands such as Louis Vuitton Malletier and Rolex SA also registered more filings. However, brands like Guerlain and Prada S.A experienced declines. The World Intellectual Property Organization reported a 7% drop in overall applications, attributing the decrease to the adverse environment for innovation. The U.S. led in filings, followed by Germany and China.

Blockchain-Driven Sustainability Platform Unveiled by U.N. Agency

L’Oréal Top Filer of Trademark Applications Last Year

05 Oct 2023  |  www.aol.com
L’Oréal maintained its position as the top filer of international trademark applications in 2022 with 160 filings, despite a slight decrease from the previous year. Other notable brands such as Shiseido, Abercrombie & Fitch Europe SA, and Richemont International SA saw increases in their filings. Overall, the use of the international trademark system declined by 6.1% to about 69,000 applications, marking the largest drop since 2009. WIPO economists attribute the previous year's growth to economic disruptions caused by the COVID-19 pandemic, which led firms to introduce new goods and services. U.S.-based firms filed the most applications, followed by Germany, China, France, and the U.K.

L’Oréal Top Filer of Trademark Applications in 2023

05 Oct 2023  |  ca.style.yahoo.com
Leading fashion and beauty companies, led by L’Oréal, defied the global decline in international trademark applications in 2023, with L’Oréal filing 199 applications, up from 170 the previous year. Shiseido and other luxury brands like Louis Vuitton, Rolex, Cartier, and Burberry also saw increases in filings. However, overall trademark applications fell by 7 percent to 64,200. WIPO's chief economist, Carsten Fink, attributed the decline to an adverse environment for innovation and entrepreneurial activity but expects a rebound once conditions improve. U.S.-based companies filed the most applications, followed by Germany, China, France, and the U.K.

L’Oréal Top Filer of Trademark Applications in 2023

05 Oct 2023  |  wwd.com
Leading fashion and beauty companies, spearheaded by L’Oréal, defied the global decline in international trademark applications in 2023, with L’Oréal filing 199 applications, up from 170 the previous year. Shiseido and other luxury brands like Louis Vuitton, Rolex, Cartier, and Burberry also saw increases in filings. However, overall trademark applications fell by 7 percent to 64,200. WIPO's chief economist, Carsten Fink, attributed the decline to an adverse environment for innovation but expressed optimism for future recovery.

L’Oréal Top Filer of Trademark Applications in 2023

05 Oct 2023  |  ca.sports.yahoo.com
Leading fashion and beauty companies, spearheaded by L’Oréal, defied the global decline in international trademark applications in 2023, with L’Oréal filing 199 applications, up from 170 the previous year. Shiseido and other luxury brands like Louis Vuitton, Rolex, Cartier, and Burberry also saw increases in filings. However, companies such as Guerlain, LVMH Fragrance Brands, and Prada experienced declines. Overall, international trademark applications fell by 7 percent to 64,200. WIPO's chief economist, Carsten Fink, attributed the decline to an adverse environment for innovation and entrepreneurial activity but expressed optimism for future recovery.

L’Oréal Top Filer of Trademark Applications in 2023

05 Oct 2023  |  Yahoo Entertainment
Leading fashion and beauty companies, spearheaded by L’Oréal, defied the global decline in international trademark applications in 2023, posting gains to protect their brands in various markets. L’Oréal retained its top position with 199 applications, followed by Shiseido with 103. Other luxury brands like Louis Vuitton, Rolex, Cartier, and Burberry also saw increases in filings. However, companies like Guerlain and Prada experienced declines. Overall, international trademark applications fell by 7 percent to 64,200. WIPO's chief economist attributed the decline to an adverse environment for innovation but anticipated a rebound as conditions improve.

L'Oreal Top Filer of Trademark Applications Last Year

02 Oct 2023  |  wwd.com
L'Oréal maintained its position as the top filer of international trademark applications in 2022, with 160 filings, according to the World Intellectual Property Organization (WIPO). Despite an overall decline in trademark applications by 6.1% to about 69,000, some brands like Shiseido, Abercrombie & Fitch Europe SA, and Richemont International SA saw increases. WIPO's chief economist, Carsten Fink, attributed the rise in filings by some luxury brands to strong consumer spending following the relaxation of COVID-19 restrictions. U.S.-based firms filed the most applications, followed by Germany, China, France, and the U.K.

L’Oréal Again World’s Top Filer of Trademark Applications

10 Mar 2022  |  wwd.com
L’Oréal was the leading filer of international trademark applications in 2021 with 171 filings, regaining its top position from 2019. Other notable brands in the fashion and beauty sectors, such as Shiseido and Abercrombie & Fitch Europe SA, saw a decline in their filings. The World Intellectual Property Organization (WIPO) reported a 14.4 percent increase in overall international trademark applications across all sectors, with the U.S. leading the number of applications, followed by Germany, China, France, and the U.K. WIPO Director-General Daren Tang highlighted the resilience of human ingenuity and entrepreneurial spirit despite pandemic disruptions.

WHO concerned over COVID-19 health-care waste

01 Feb 2022  |  thelancet.com
A WHO report highlights serious deficiencies in COVID-19 health-care waste management, revealing substantial waste from PPE and diagnostic kits. The report calls for a holistic approach to manage environmental and climate impacts, noting that health care is a significant contributor to global emissions. Recommendations include eco-friendly materials, investment in non-burn waste treatment, and improved waste segregation, particularly in poorer nations. The report emphasizes the need for investment in waste management infrastructure and training for waste workers.

Shiseido Surges in Trademark Applications, L’Oreal Slides

02 Mar 2021  |  wwd.com
In the latest annual rankings by the World Intellectual Property Organization, Shiseido climbed to third place with 130 trademark filings, a significant increase from 70 the previous year. In contrast, L’Oréal, previously the top filer, dropped to fifth place with 115 applications. The report highlighted that despite the COVID-19 pandemic, innovation remained resilient. Other notable companies with increased filings include Abercrombie & Fitch Europe SA, Giorgio Armani S.P.A., and Richemont International S.A. However, some brands like LVMH Fragrance Brands, Hermès International, and Chanel Sarl saw a decrease in filings. Overall, international trademark applications saw a slight contraction of 0.6 percent in 2020, the first since the 2008-09 financial crisis, attributed to the pandemic's impact on new goods and services.

Retail Foreign Direct Investment Collapsed in 2020 Due to Pandemic

25 Jan 2021  |  wwd.com
Global foreign direct investment (FDI) plummeted to $859 billion in 2020 from $1.5 trillion in 2019 due to the economic impact of the COVID-19 pandemic, according to a United Nations report. The retail and apparel sector saw a significant decline in new FDI, with the U.S. and several European countries experiencing sharp drops. However, China saw a smaller decline and became the largest FDI recipient in 2020. The report predicts that FDI flows will remain weak in 2021 but expects a recovery to begin in 2022, influenced by factors such as the pandemic's progression, vaccination rollouts, and economic support measures.

Retail, Wholesale Job Losses Worsened in Second Quarter

30 Jun 2020  |  wwd.com
The International Labour Organization reported significant job losses in the retail and wholesale sectors due to the COVID-19 crisis, with a disproportionate effect on women workers. The Americas region has been the hardest hit. The ILO revised its labor market damage estimates upwards, with workplace closures affecting one-third of global workers. The labor market recovery for the second half of 2020 is expected to be uncertain and incomplete, with a potential second wave of the pandemic possibly leading to even higher working-hour losses.

Textile, Apparel Trade Plunges 12 Percent, Study Says

28 May 2020  |  wwd.com
Global trade in textiles and apparel contracted by nearly 12 percent in the first quarter due to the coronavirus, surpassing the overall 5 percent decline in international trade in goods. China saw an 18 percent decline in textile exports but recovered with an 11 percent increase in April. U.S. textile and apparel exports fell 10 percent in Q1 and 62 percent in April. UNCTAD projects a 27 percent contraction in global trade for Q2 and a 20 percent decline for 2020. The WTO reported significant export revenue declines for Least Developed Countries, with Bangladesh experiencing an 83 percent drop in April 2020 compared to April 2019.

232 Million Retailers, Wholesalers Imperiled by Pandemic, ILO Says

29 Apr 2020  |  wwd.com
Over 436 million businesses globally face high risk of serious disruption due to the coronavirus pandemic, with the wholesale and retail sector being the most affected, expecting 232 million enterprises at risk, according to an ILO report. The manufacturing sector, accommodation and food services, and real estate and administrative business services are also significantly impacted. Global working hours in the second quarter are expected to be 10.5% lower, equivalent to 305 million full-time jobs. The ILO emphasizes the need for government policies to provide income support for businesses and workers, including temporary subsidies and concessional credit lines to support employment retention. The report highlights the vulnerability of the 1.6 billion workers in the informal economy, who face severe consequences from lockdown measures.

WTO Warns Apparel Trade to Plummet in 2020

08 Apr 2020  |  wwd.com
The World Trade Organization forecasts a significant decline in global trade volume in goods, including apparel and textiles, due to the coronavirus pandemic, with projections ranging from a 13 to 32 percent drop in 2020. WTO Director-General Roberto Azevêdo and senior economist Coleman Nee highlight the severe impact on the clothing sector, predicting a 20 percent decline in retail trade for three to nine months. The article also provides data on global trade in goods and apparel for 2019, noting declines in major exporters like China and the U.S., while some emerging economies and European nations posted gains.

Global FDI Seen Plummeting by Up to 40 Percent

26 Mar 2020  |  wwd.com
The coronavirus pandemic is projected to cause a significant drop in global foreign direct investment (FDI) by 30 to 40 percent, equating to a reduction of $417 billion to $556 billion. The U.N. Conference on Trade and Development (UNCTAD) attributes this decline to a severe demand shock affecting all sectors, including services. The report emphasizes that the extent of the decline will depend on the pandemic's duration, containment measures, and government policy responses. The World Health Organization's chief, Tedros Adhanom Ghebreyesus, highlighted the accelerating nature of the pandemic during a G20 summit. The report also notes that earnings revisions are more severe in developed countries compared to developing ones.

25 Million Jobs Under Threat From Pandemic, ILO Says

18 Mar 2020  |  wwd.com
The International Labor Organization reported that nearly 25 million jobs could be lost globally due to the coronavirus pandemic, surpassing the 22 million jobs affected by the 2008-09 financial crisis. The retail, travel, and tourism sectors are particularly at risk. ILO Director-General Guy Ryder emphasized the crisis's impact on the labor market and economy, while ILO's Sangheon Lee suggested a likely global economic contraction of 4-5%. The ILO called for coordinated policy responses to mitigate labor income losses, which could reach $3.4 trillion by year's end. WHO Director-General Tedros Adhanom Ghebreyesus stated over 200,000 COVID-19 cases and 8,000 deaths have been reported. The World Economic Forum highlighted the negative effects of flight cutbacks and export restrictions on medical supply chains.

Global Textile, Apparel Sector Seen Taking $1.5B Hit From Coronavirus

04 Mar 2020  |  wwd.com
The COVID-19 outbreak has significantly impacted global manufacturing, particularly in China, leading to an estimated $50 billion loss in global value chain exports, with over $1.5 billion affecting the textiles and apparel sector. The European Union, the U.S., and Japan are the most affected regions. The U.N. Conference on Trade and Development highlights China's critical role in global supply chains, noting that 20% of international trade in intermediate goods relies on China. The report warns of potential global economic repercussions if the virus spread is not contained.

L’Oréal Tops Trademark Applications

03 Mar 2020  |  wwd.com
L’Oréal led the world in international trademark applications in 2019 with 189 filings, followed by Shiseido in seventh place with 84 filings. The World Intellectual Property Organization (WIPO) reported a 5.7 percent increase in international trademark applications across all sectors, with the U.S. leading in the number of applicants. WIPO Director-General Francis Gurry highlighted the significant impact of the coronavirus pandemic on intellectual property and economic disruption. The report also noted a rise in industrial design registrations and a record number of cybersquatting cases filed.

Fashion Trademark Applications Leap, China Drives IP Activity

13 Nov 2019  |  wwd.com
The apparel sector saw significant increases in trademark and industrial design applications globally in 2018, driven primarily by China. According to the World Intellectual Property Organization's report, Asia accounted for the majority of intellectual property applications, with China leading in both trademark and industrial design filings. The report highlights the importance of design and brand value in the fashion industry, with companies seeking to protect their intellectual property in international markets. Italy, Germany, and the U.S. were notable for their apparel industrial design applications filed abroad.

British Fashion Brands to Be Hit With Tariffs Later This Month

02 Oct 2019  |  wwd.com
The U.S. will impose 25% tariffs on British-made clothing items starting October 18, following a WTO ruling allowing levies on $7.5 billion of European products annually due to a dispute over aviation subsidies. The tariffs will affect luxury goods, including Savile Row suits and Scottish cashmere sweaters, and have already caused European luxury stocks to fall. The U.S. decision has frustrated the fashion industry, which is also dealing with tariffs on Chinese-made handbags. European authorities plan to retaliate but must wait for WTO approval.

U.S. to Remain in Global Postal Body

25 Sep 2019  |  wwd.com
More than 130 member countries of the Universal Postal Union (UPU) reached a unanimous consensus to allow the U.S. to self-declare and increase postal rates starting July 1, 2020, preventing the U.S. from leaving the organization. The agreement, negotiated by Peter Navarro, aims to modernize the postal system and address issues such as counterfeit goods. UPU Secretary General Bishar A. Hussein hailed the deal as a historical moment, while Navarro emphasized that the new rates would not affect U.S. consumers.

China Exports Plunge After U.S. Tariffs

30 Jul 2019  |  wwd.com
Punitive tariffs imposed by the U.S. on Chinese imports have led to a significant decline in Chinese exports, with a 25 percent drop amounting to $35 billion in the first half of 2019. The U.N. report indicates that American consumers are facing higher prices, while Chinese exporters are experiencing substantial losses. Trade diversion effects have benefited countries like Bangladesh, the European Union, and others. The study also notes that Chinese exporters may be absorbing some tariff costs through lower export prices. The report underscores the broader economic risks of the ongoing trade war and calls for a potential trade agreement to mitigate these tensions.

WTO Chief Stresses Need to Ease Restrictive Trade Measures

27 Jun 2019  |  wwd.com
The World Trade Organization's chief, Roberto Azevedo, highlighted the increasing use of trade-restrictive measures by major economies and emphasized the need for urgent action to reduce trade tensions. He plans to convey this message at the upcoming G20 summit in Osaka, Japan. Azevedo noted that current trade tensions are negatively impacting global economic and trade growth. He also commented on the potential meeting between U.S. President Trump and Chinese President Xi Jinping, suggesting it would be a positive development. Azevedo reiterated the WTO's hope for a rollback of trade-restrictive measures.

U.N. Report: Investors’ Sustainability Demands Spur Growth in Eco-Friendly Manufacturing

12 Jun 2019  |  wwd.com
Increasing sustainability demands from enterprises and investors are driving the growth of green Special Economic Zones (SEZs) in developing countries, particularly in textiles and apparel manufacturing. The U.N. report highlights a significant rise in SEZs globally, with a notable concentration in Asia. Key examples include Ethiopia's Hawassa eco-industrial park and Kenya's strategic environmental management initiatives. The report underscores the role of SEZs in economic transformation and global value chains, while also addressing concerns about working conditions and environmental impacts. Major brands like PVH Corp., Tommy Hilfiger, and Calvin Klein are noted for their contributions to eco-friendly manufacturing practices.

WTO Predicts Weak Growth for Trade in 2019

02 Apr 2019  |  wwd.com
World trade volume in goods is projected to grow by a weak 2.6 percent in 2019, down from 3 percent in 2018, due to rising trade tensions between the United States and China, tariff hikes, and increased economic uncertainty. WTO Director-General Roberto Azevêdo emphasized the negative impact of uncertainty on investment and consumption, which in turn affects trade. In 2018, global trade in goods rose by 10 percent to $19.48 trillion, with significant contributions from China, the U.S., and Germany. The global apparel trade also saw a 7 percent increase, with notable gains from Bangladesh, Vietnam, Cambodia, and Myanmar, while some Asian exporters like India and Hong Kong experienced declines.

Bangladesh’s Reliance on Apparel, Textiles Grows

01 Apr 2019  |  wwd.com
Bangladesh's dependence on textiles and apparel has reached a record 89.6 percent of total merchandise exports, amounting to $36.7 billion in 2017-2018. The World Trade Organization (WTO) report highlights the need for Bangladesh to diversify its export mix and improve labor and safety standards. The EU, U.S., Canada, and the International Labor Organization are working with Bangladesh to address these issues. The report also notes that Bangladesh is on track to graduate from least-developed country status by 2024, benefiting from duty-free and quota-free access to the EU market. The ready-made garment industry continues to receive significant incentives, including reduced corporate tax rates and concessional interest rates, contributing to the employment of approximately 5 million people.

Shiseido Joins L’Oréal in Trademarks List

18 Mar 2019  |  wwd.com
Shiseido Co. Ltd. saw a significant increase in international trademark application filings in 2018, ranking seventh globally, while L’Oréal ranked second despite a decrease in filings. The World Intellectual Property Organization's report highlights the fashion and beauty industry's efforts to protect their brands, especially against online and traditional retail counterfeiting. The U.S. led in trademark applications, followed by Germany and China, with South Korea and Japan showing the fastest growth. A joint OECD and EU Intellectual Property Office report revealed that counterfeit goods represent 3.3 percent of global trade, with the majority originating from China and Hong Kong, and the U.S., France, and Italy being the most affected.

Failure of U.S.-China Trade Talks Would Have ‘Massive’ Global Impact, Study Warns

13 Feb 2019  |  wwd.com
The U.N. trade report warns of significant global economic impacts if U.S.-China trade talks fail, leading to increased tariffs. The report highlights potential economic downturns, currency wars, and job losses. It also notes that the intended effect of U.S. tariffs has not increased domestic production but diverted trade to third countries. The European Union, Japan, Mexico, and Canada are expected to benefit from trade diversions. The report estimates that a large portion of Chinese and U.S. exports subject to tariffs will be captured by firms in other countries.

Business signs on to the UN Global Compact, but environmentalists are wary

05 Jul 2007  |  www.nytimes.com
The UN Global Compact, promoting human rights, labor practices, environmental protection, and anti-corruption, is gaining corporate support amid climate change threats and globalization. At a Geneva summit, UN Secretary-General Ban Ki Moon urged delegates to adopt the Compact's principles. Critics, however, demand that the UN ensure companies adhere to their commitments. Donald McDonald of the Principles for Responsible Investment highlighted a shift towards proactive corporate social responsibility.

U.S. calls for cuts in fishing subsidies

01 May 2007  |  www.nytimes.com
The United States, represented by Ambassador Peter Allgeier, proposed a ban on harmful fishing subsidies at a WTO-sponsored meeting in Doha, Qatar. The proposal aimed to address overfishing and the depletion of fish stocks by eliminating government aid that contributes to excess fishing capacity. It garnered support from several countries but faced opposition from the European Union and others with strong fishing industries. Green advocacy groups, typically critical of the Bush administration, welcomed the proposal. Japan was identified as the largest subsidizer of fisheries, with the EU and China also providing significant subsidies.

Group of 4 trade lag irks envoys to WTO

20 Apr 2007  |  www.nytimes.com
World Trade Organization members expressed frustration over the inability of the United States, European Union, Brazil, and India to resolve trade differences, stalling the Doha round of talks. At a closed-door meeting in Geneva, envoys from poorer countries, supported by China, called for a return to full multilateral negotiations. WTO Director General Pascal Lamy instructed negotiating group chairmen to draft revised texts, starting with agriculture. The Group of Four's meetings have not achieved a political breakthrough, with the next meeting scheduled in Paris in May. Crawford Falconer, chair of the WTO agriculture talks, noted the difficulty in progressing without guidance from major powers.

Poor nations fear big powers could trample their concerns in WTO talks

05 Mar 2007  |  www.nytimes.com
Over 60 small and poor nations, predominantly from Africa, expressed apprehension that their interests might be overlooked in the World Trade Organization talks as major trading powers like the United States, European Union, Brazil, and India seek resolutions. Despite no breakthroughs, the talks were deemed constructive. African diplomats worry that a deal by the Group of 4 could ignore their issues with cotton subsidies and aid for trade. WTO Director General Pascal Lamy emphasized the need for these nations to be proactive in defending their interests. U.S. Trade Representative Susan Schwab faced criticism for the lack of transparency and vagueness regarding African concerns, particularly on cotton.

EU duties on farm goods rose last year, WTO says

26 Feb 2007  |  www.nytimes.com
The average duty on farm goods entering the European Union increased last year, according to a WTO report, despite efforts to lower tariffs to aid global trade talks. The report highlighted that agricultural products faced significantly higher tariffs compared to manufactured goods. The EU's high tariffs on certain agricultural products were noted, with some exceeding 400 percent. U.S. ambassador Peter Allgeier urged the EU to reduce these tariffs, while EU representative Peter Balás emphasized the need for reciprocal offers in global negotiations. The Doha round of trade talks, which resumed after a collapse, continues to face challenges in reaching a comprehensive agreement.

Service industry executives urge trade negotiators not to forget them

22 Feb 2007  |  www.nytimes.com
Business leaders from Europe, North America, and Asia have warned that global trade talks will not succeed without significant market openings for services. The Global Services Coalition emphasized the need for substantial new market access in services to support the current trade negotiations. Executives highlighted the importance of including services in the trade deal to secure support from key capitals and to ensure the renewal of the U.S. President's trade promotion authority. They stressed the need for tangible outcomes in services, particularly in emerging markets like China, India, and Brazil. The article also notes the significant role of services exports for both developed and emerging countries.

U.S. retains lead in global patents

08 Feb 2007  |  www.nytimes.com
The United States maintained its position as the leading nation in international patent applications in 2006, with a 6.1 percent increase from the previous year. South Korea and China showed the fastest growth in patent filings. The World Intellectual Property Organization reported a record 145,300 international patent applications, with the U.S. accounting for 49,555. The largest number of applications came from multinational companies, with Philips Electronics leading. Japan and Germany followed the U.S. in the number of filings, while South Korea and China saw significant increases. Francis Gurry highlighted the shift in innovation centers from Europe and North America to Northeast Asia. Research In Motion settled a trademark lawsuit with Samsung Electronics and won a British patent lawsuit, securing the future of its BlackBerry e-mail service in Britain.

U.S. retains lead in global patents

07 Feb 2007  |  www.nytimes.com
The United States maintained its position as the leading country in international patent applications in 2006, with a 6.1 percent increase from the previous year, accounting for 34.1 percent of the global total. The World Intellectual Property Organization reported a record 145,300 international patent applications, with significant contributions from South Korea and China. Key sectors included telecommunications, pharmaceuticals, and information technology, with notable growth in semiconductors. Major multinational companies like Philips Electronics, Matsushita, Siemens, and Nokia were top applicants, while Huawei Technologies and LG Electronics showed significant advancements. Francis Gurry of WIPO highlighted the shift towards intangible assets and the competitive global economy as driving factors.

U.S. Official Sees Opening for Revival of Trade Talks

13 Jan 2007  |  www.nytimes.com
U.S. trade representative Susan C. Schwab expressed optimism about reviving the Doha trade negotiations, though she acknowledged existing obstacles. Following a meeting with WTO head Pascal Lamy, Schwab emphasized that substantive agreements, particularly on agricultural market access, are crucial for progress. Diplomatic efforts, including meetings by Lamy with global leaders and upcoming discussions at the World Economic Forum, are seen as critical. Despite recent diplomatic activity raising hopes, significant differences over agricultural subsidies and tariffs remain among key countries like the U.S., EU, Japan, India, Australia, and Brazil.

Leaders inject momentum in efforts to revive stalled Doha trade talks

12 Jan 2007  |  www.nytimes.com
U.S. Trade Representative Susan Schwab expressed cautious optimism about reviving the Doha trade talks after a meeting with WTO head Pascal Lamy. Despite new political momentum, significant issues like agricultural market access remain unresolved. Lamy's upcoming diplomatic visits and the World Economic Forum in Davos are seen as critical. The talks, which began in 2001, stalled in July due to disagreements among major economies. High-level support from leaders like President George W. Bush and EU's José Manuel Barroso has renewed hopes for progress.

2007 Seen as a Potentially ‘Defining Year’ for the Current Round of Global Trade Talks

26 Dec 2006  |  www.nytimes.com
Top officials and business executives warn of turbulent times for the international trade system in 2007 unless a deal is concluded in the Doha round of negotiations. The talks collapsed in July after key nations failed to agree on farm subsidies and tariffs. Bilateral agreements may rise, potentially undermining the WTO's authority and escalating trade tensions. The WTO emphasizes that nothing is agreed until everything is agreed, and the upcoming World Economic Forum in Davos is seen as a stock-taking exercise rather than a negotiating meeting. National politics, such as President Bush's loss of the Republican majority and France's upcoming presidential election, cast a shadow over the negotiations.

2007 Seen as a Potentially ‘Defining Year’ for the Current Round of Global Trade Talks

26 Dec 2006  |  www.nytimes.com
The international trade system faces a critical year in 2007, with top officials and business executives warning of turbulent times unless a deal is reached in the Doha round of negotiations. The talks, which began in 2001, collapsed in July 2006 due to disagreements on farm subsidies and tariffs among the United States, the European Union, Japan, and India. The failure to reach a global trade agreement could lead to increased bilateral agreements, undermining the WTO's authority and escalating trade tensions among major economies like China, the United States, and the European Union. Experts also warn of a potential rise in protectionism. Pascal Lamy, director general of the WTO, and Peter Sutherland, chairman of BP and Goldman Sachs International, highlight the urgency and pessimism surrounding the current state of the negotiations.

Global trade negotiations at a crossroads, and at a standstill

13 Dec 2006  |  www.nytimes.com
Top officials and business executives warn of turbulent times for the international trade system unless the Doha round of WTO negotiations between developing and industrial nations can reach an agreement to liberalize global trade. The talks, aimed at improving trade in farm and industrial goods, collapsed after key nations failed to agree on farm subsidies and tariffs. The stalemate has led some countries to pursue bilateral agreements, potentially undermining the WTO's authority. Trade tensions and protectionism may rise without a global framework, increasing litigation over market access. The upcoming World Economic Forum in Davos and national politics in the U.S. and France cast further uncertainty on the negotiations.
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