-
AtlasClear Holdings Reports Preliminary Fiscal 2026 Revenue of Approximately $20.1 Million, Up 85%; Revenue Plus Interest Income of Approximately $21.9 Million
-
AFP photo shows Trump examining image of Kennedy Center apparent demolition
-
Alonso says Chelsea ambition clear after end of Boehly era
-
Andersson vows to take Sweden in 'new direction' after election win
-
Micron's Taiwan workers say 68 months' bonus not enough
-
Turkey's Erdogan to run again in early 2028 vote, top adviser says
-
'Another arrow to the quiver': World Bank posts record private capital mobilization
-
Sweden's Andersson: a trusted, no-nonsense political operator
-
Macron hosts Lebanon security talks as UN mission nears end
-
Canada's Carney pushes 'new alliance' with EU despite Trump threats
-
From land to race laws: what's driving the US-South Africa rift?
-
Ireland to boycott Eurovision 2027 over Gaza
-
Beyond Investment Returns: Families Are Measuring Wealth by Freedom, Continuity, and Legacy, According to Nour Private Wealth
-
India's Tata Sons reappoints N. Chandrasekaran as chairman
-
King Charles disputes claims in book by Princess Diana's brother
-
Sweden's left-wing wins election thriller
-
Real Madrid fan group wants Mbappe apology over Ceuta shirt snub
-
Germany urges EU action against China to defend carmakers
-
Nepal floods among 'most challenging' disasters: WFP
-
Stocks mostly rise after US Fed rate hike, oil eases
-
Doubts as Italy eyes electric future for steel plant
-
Palestinians turn rugged caves into homes after Israeli demolitions
-
'One of the kindest people': Taraneh, 21, facing execution in Iran
-
Two unseen Monet paintings to be sold in Paris: auction house
-
Japan eyes changing prostitution law to punish sex buyers
-
Klopp wants German team to help reclaim national pride from far-right
-
After record rain, typhoon threatens new challenge to Asian Games
-
Ninth woman found dead in South Africa killing spree
-
Kids and social media: what would change under new EU law
-
Smog scuppers Japan force helping fight Indonesia wildfires
-
Modi pitches India as global chipmaking hub
-
King Charles to call on tech giants for 'reassurances' over AI
-
Ukraine plans record defence spending in 2027
-
Lebanon security talks in Paris focus on replacing UN mission
-
Klopp calls up 44 players in huge first Germany squad
-
Most stocks rise as Fed hikes and oil prices drop
-
STARPRIME Responds to Diverging Gold Market Demand with AM/PM Fixing and XAU24/7
-
'Vande Mataram': Why is India's freedom song in spotlight?
-
Ukrainian fashion designer debuts art between air raids
-
Counterculture pop artist Peter Max dies at 88: US media
-
Gambian businesses struggle under prolonged blackouts
-
Asian Games chief defends 'functional' rooms after backlash
-
Fiji declares national HIV crisis
-
Leader's sister says only 'idiots' think N. Korea to give up nukes
-
Australia to cut migration to fix housing crisis: minister
-
World's water cycle becoming more unpredictable, UN warns
-
NASA scan discovers new, 'once in a century' Moon crater
-
Where the US-China tariff row stands ahead of White House summit
-
Most stocks rise as Fed hikes and indicates drive to curb inflation
-
Croc-habitat gets green light for 2032 Olympic rowing
Trade deals elusive as WTO talks run beyond deadline
Negotiators were locked in a standoff Friday following overnight trade talks as a major WTO conference ran deep beyond its deadline with no clear deals in sight.
An Indian-led push for permanent rules governing public stockholding of food reserves has drawn deep objections from other members at the World Trade Organization's 13th ministerial meeting in Abu Dhabi, according to sources close to the talks.
The standoff is imperilling a wider package of agreements on fisheries and an e-commerce moratorium only hours before the deadline, the sources added, speaking on condition of anonymity as they are not permitted to discuss ongoing negotiations.
"There is certainly at least one country that is saying they can't leave here without a substantive agreement on agriculture," said a WTO ambassador.
"It's the moment to decide whether that particular country is going to be a consensus builder or consensus blocker," added the ambassador who spoke on the condition of anonymity.
The WTO meeting in the capital of the United Arab Emirates was initially scheduled to wrap up on Thursday.
But it was extended beyond its scheduled deadline five times amid rifts between the body's 164 members who must reach unanimous consensus to chalk up any deal as per WTO rules.
A closing conference previously scheduled for 1600 GMT on Friday was pushed back by two hours, as trade ministers negotiated new draft texts on fisheries and agriculture after all-night talks.
"Negotiations on key files are in full swing," the European Union's WTO mission said on X, formerly Twitter, noting that "challenges remain."
Earlier, WTO spokesman Ismaila Dieng said ministers were engaged in "intensive and difficult discussions on a package of agreements for adoption at MC13."
The WTO -- the only international body dealing with the rules of trade between nations -- is under pressure to secure some wins at MC13 to prove its relevance.
Its 12th ministerial conference in Geneva in 2022 was hailed as a landmark success following deals on fisheries and a commitment by members to restore a now-defunct dispute settlement body before the end of this year.
"Our challenge this week is to demonstrate that MC12 wasn't a one-off miracle," WTO Director-General Ngozi Okonjo-Iweala said on Monday.
- 'Makes or breaks' -
With farmer protests sweeping Europe and India, agriculture agreements have emerged as a particularly sensitive topic of debate.
Member states are trying to negotiate a text listing the subjects that merit further discussion.
A key sticking point is a demand by India and other member states for permanent rules governing public stockholding of food reserves to replace temporary measures adopted by the WTO.
One proposal on the table suggests taking a step in that direction, but a timetable and other details still need to be defined.
"Agriculture is again the topic that makes or breaks a ministerial conference. Outcomes are uncertain until the last hours," the European Union’s Agriculture Commissioner Janusz Wojciechowski said on X, formerly Twitter.
Negotiators are also trying to hammer out a new deal on fisheries subsidies.
After a 2022 deal which banned subsidies contributing to illegal, undeclared and unregulated fishing, the WTO hopes to conclude a second package focusing on subsidies which result in overcapacity and overfishing.
Negotiations in recent months at the WTO headquarters in Geneva have enabled a draft text to be brought forward for a second fisheries deal.
It provides flexibility and advantages for developing countries.
But some -- notably India -- are demanding further concessions, including transition periods that others consider to be too long.
- 'Cautiously optimistic' -
After all-night negotiations, a new draft fisheries agreement was brought forward early Friday.
"We are cautiously optimistic," the WTO ambassador said.
Also at stake at MC13 is the fate of an e-commerce customs moratorium.
Since 1998, WTO members have agreed not to impose customs duties on electronic transmission of digital products.
The moratorium has been regularly extended since then, but objections by India and other member states are now throwing it into jeopardy.
On Thursday, India, along with Brazil, once again threatened to block the moratorium's extension, arguing that it harms customs revenues, according to several sources close to the talks.
The EU and the UK are among the most vocal advocates of an extension, saying that many countries would lose considerably more in gross domestic product (GDP) than they would gain in tariffs if the moratorium lapses.
M.Ouellet--BTB