GFM Network News

This year’s El Nino could be strongest on record

Geneva | Reuters — The current El Nino weather phenomenon is expected to peak between October and January and could turn into one of the strongest on record, experts from the World Meteorological Organization said at a news conference Tuesday. Climate models and experts suggest surface waters in the east-central Pacific Ocean are likely to […] Read more

India notifies WTO of $56B farm support in 2010-11

Geneva | Reuters –– India spent US$56.1 billion on support for farmers in 2010-11, it said in a World Trade Organization filing on Wednesday, a document that will be pored over for evidence that it breached agreed limits on agricultural subsidies. The U.S. and other WTO members have strongly criticized India for being almost a […] Read more

WTO to lower entry bar for poorest countries

The World Trade Organization has agreed new membership standards for the weakest economies, lowering the bar for countries such as Afghanistan, Ethiopia and Sudan to join the global trading club, according to a document seen by Reuters on Wednesday. In the document, which was agreed on June 29 and will be rubber-stamped by the WTO’s […] Read more