WTO report shows slowdown in G20 trade restrictions as COVID-19 impacts world economy

November 20, 2020

The WTO’s latest Trade Monitoring Report on G20 trade measures shows a slowdown in the number and coverage of trade-restrictive and trade-facilitating measures on goods implemented by G20 countries between mid-May and mid-October 2020, primarily as a result of the sharp decline in overall global trade since the COVID-19 outbreak. The report also documents numerous trade-facilitating and support measures introduced by G20 economies in response to the economic downturn in order to prepare the ground for a strong economic recovery.

This was excerpted from an 18 November 2020 news item by the World Trade Organization.

Topic(s)

International Trade and Border Management

Information source

World Customs Organization (WCO) / World Trade Organization (WTO)

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