WTO: Retreat on sustainable agriculture fails to arrive at coherent narrative (PRIV)
(D. Ravi Kanth, Yerevan)
A two-day retreat on "Sustainable Agriculture in the Multilateral Trading System", held at the World Trade Organization on 5-6 May, has seemingly failed to bring about a coherent narrative on how members can address this issue at this critical juncture when the multilateral trading system appears to be fraught with unforeseen threats and dangers, said people familiar with the development.

WTO: Russia initiates dispute over EU's CBAM, emissions trading scheme (PRIV)
(D. Ravi Kanth, Yerevan)
The Russian Federation on 19 May initiated dispute settlement proceedings against the European Union at the World Trade Organization over the EU's controversial "Carbon Border Adjustment Mechanism (CBAM) Package", as well as the alleged export subsidy provided under the EU's scheme for trading greenhouse gas emission allowances.

Trade: UK, EU conclude post-Brexit agreement, moving away from MTS (PRIV)
(D. Ravi Kanth, Yerevan)
The United Kingdom and the European Union on 19 May concluded a post- Brexit agreement in London that aims to accelerate trade while bolstering security cooperation, a significant step after the UK left the EU in 2020, though it faced tremendous criticism from representatives of its fishing sector, according to media reports.