The US plans to bring a case to the WTO arguing that China is favoring domestic companies for licensing. China has been a big target for cases brought by the US, Japan and the EU, and the US hopes to sign up allies for its planned WTO action.
The EU wants to change WTO rules to permit swifter action against dumping and subsidies. The WTO was founded in 1995 as successor to the General Agreement on Tariffs and Trade, forged in 1948. In 2001, the year China joined, members launched talks to update and rewrite global trade rules but those efforts died a decade ago.
Since then, members have cut side deals to open markets. The EU, a vocal champion of free trade and the WTO, has struck or is seeking deals to liberalize trade with Canada, Japan, Mexico, Australia and Singapore. Such bilateral deals are allowed under WTO rules if they are deemed complementary to the multilateral trading system, cover substantially all trade and facilitate the freer commercial flows without raising barriers to non-parties.
US allies say a bigger problem for WTO is that China has taken advantage of the body’s rules to promote itself at the expense of other members. The Geneva-based body was designed before the rise of Chinese state-backed capitalism.

- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
Lean stores, stronger margins, H&M's strategy reflects global retail reset
Profits are taking precedence over physical expansion in global apparel retail today. Years of building extensive store networks are giving... Read more
Vietnam overtaking Bangladesh signals a new rulebook for global apparel sourcing
Vietnam replacing Bangladesh as the world's second-largest ready-made garment (RMG) exporter is more than a change in rankings. It marks... Read more
Textile giants spin a stronger profit story in Q1 FY27
After nearly two years of battling volatile cotton prices, higher Minimum Support Prices (MSP), weak global demand and lower spinning... Read more
India must drive scale and competitiveness to expand global textile market share…
India’s long-term growth in textiles and apparel hinges on expanding global export volume, building manufacturing scale, and sharpening cost competitiveness,... Read more
India and Taiwan set for deeper textile synergy beyond competition, says TTF Pre…
Taiwan and India are uniquely positioned to build a highly complementary, cross-border textile ecosystem that leverages Taiwanese technological innovation alongside... Read more
EURATEX Chief Calls for Stronger India-EU Synergy Amid Global Trade Turbulence
Speaking exclusively to Salil Chawla, FashionatingWorld, at the inauguration of Bharat Tex 2026, Dirk Vantyghem, Director General of the European... Read more
India well-positioned in 'China+1' shift, says IAF Chief Stefano Festa Marzotto
The global apparel industry is grappling with a turbulent operating environment marked by geopolitical friction, fluctuating tariffs, and a rapidly... Read more
Vietnam wins, US lag as American retail rewire global apparel supply chains
For years, global retailers expected tariffs, geopolitical tensions and supply chain disruptions to spark a manufacturing renaissance across North and... Read more
Cost, climate and scale push polyester ahead in the global fiber race
The global textile industry is entering a decade where commercial economics, rather than fiber heritage, dictates sourcing decisions. The latest... Read more
Fabric companies stitch together growth despite margin pressures in Q1 FY27
India's pure-play fabric segment entered FY27 with renewed operational confidence as easing raw material costs and stronger domestic demand lifted... Read more












