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The member countries of the World Trade Organization (WTO) have introduced 384 trade measures since the onset of the coronavirus pandemic, about 250 of which have facilitated trade, WTO head Ngozi-Okonjo Iweala said in a report.

“Since the outbreak of the pandemic, member countries (WTO) have introduced 384 COVID-19-related trade measures in goods. In total, 248 of them, or about 65%, were trade facilitating in nature, mainly import tariffs and tax cuts. on goods needed to fight COVID-19, such as PPE, disinfectants, medical equipment, medicines and oxygen, “the WTO CEO said in a report released on Thursday.

According to the report, the remaining 136 measures can be considered trade restrictive, and 84% of them, or 114 measures, were related to export restrictions. At the same time, about 50 such export restrictions remain in force. Some of them, the head of the WTO notes, have potential consequences for the constituent parts of vaccines against coronavirus.

Source: PRIME

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EDITOR’S NOTE: This article is a translation. Apologies should the grammar and / or sentence structure not be perfect.

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