World Trade Organization

Hong Kong Legislature Approves US$32.8 Million To Host WTO Meeting

Hong Kong's legislature approved 256 million Hong Kong dollars (US$32.8 million) on Friday to host the World Trade Organization's sixth ministerial conference, the government said. Financial Secretary Henry Tang said he welcomed the legislature's approval and the Hong Kong government will now proceed "full steam ahead" with the necessary preparations for the conference.

EU Head Office Says Will End Biotech Moratorium Next Week

The European Union's head office said Friday it would approve a variety of genetically modified corn for human consumption next week, ending a 6-year biotech moratorium that the United States has challenged at the World Trade Organization. But whether the decision would open the market for biotech companies was less clear.