WTO members expressed their views on 23 September regarding the current state of the agriculture negotiations and how best to move them forward following the inconclusive outcome of talks in this area at the WTO's 14th Ministerial Conference in Yaound� earlier this year.

A mixed picture for global prices and supplies.

The World Bank on Wednesday named Nobel laureate and University of Chicago professor Michael Kremer as its next chief economist, succeeding Indermit Gill, who retired last month.

Brazil has requested WTO dispute consultations with the United States regarding additional US duties on products originating in Brazil as a result of two investigations by the United States under Section 301 of the US Trade Act of 1974. Brazil said the additional duties are above the duties otherwise applicable under the US harmonized tariff schedule. The request was circulated to WTO members on 30 July.

Most countries failed to meet a 2025 target to identify all of their subsidies that could be “harmful” to biodiversity, according to Carbon Brief analysis.

Trade in urea and phosphate fertilizers has been severely disrupted by the conflict in the Persian Gulf, according to data analysed by the WTO Secretariat. Certain economies in Africa and Asia are particularly vulnerable to resulting fertilizer shortages and price hikes. Opening of the Strait of Hormuz - a key channel for fertilizer trade - will in due course contribute to easing trade frictions and restore stability to global markets.

Economists and central bankers are getting better at linking temperatures to price increases.