Indonesia loses WTO appeal in halal food fight with New Zealand and US

Indonesia had argued before the WTO that its rules were based on health concerns and halal food standards, or aimed to deal with temporary surpluses in the domestic market. (Reuters)
Updated 10 November 2017

Indonesia loses WTO appeal in halal food fight with New Zealand and US

GENEVA: Indonesia lost an appeal ruling at the World Trade Organization on Thursday in a dispute with the US and New Zealand over Indonesia’s restrictions on imports of food and animal products including beef and poultry.
Indonesia had argued that its rules were based on health concerns and halal food standards, or aimed to deal with temporary surpluses in the domestic market. In December 2016, a panel of adjudicators faulted Indonesia, which appealed.
An Indonesian trade ministry official said the government would study the ruling before easing any restrictions, which cover products such as apples, grapes, potatoes, onions, flowers, juice, dried fruit, cattle, chicken and beef.
“The Indonesian government will study and conduct internal coordination related to the recently circulated Appellate Body Report, including its implications for current regulations,” Oke Nurwan, Indonesia’s director general of foreign trade, said.


Trump calls for World Bank to stop lending to China

Updated 07 December 2019

Trump calls for World Bank to stop lending to China

WASHINGTON: US President Donald Trump on Friday called for the World Bank to stop giving loans to China, one day after the institution adopted a lending plan to Beijing over Washington’s objections.
The World Bank on Thursday adopted a plan to aid China with $1 billion to $1.5 billion in low-interest loans annually through June 2025. The plan calls for lending to “gradually decline” from the previous five-year average of $1.8 billion.
“Why is the World Bank loaning money to China? Can this be possible? China has plenty of money, and if they don’t, they create it. STOP!” Trump wrote in a post on Twitter.
Spokespeople for the White House and the World Bank did not immediately respond to requests for comment.
The World Bank loaned China $1.3 billion in the fiscal 2019 year, which ended on June 30, a decrease from around $2.4 billion in fiscal 2017.
But the fall in the World Bank’s loans to China is not swift enough for the Trump administration, which has argued that Beijing is too wealthy for international aid.