July 7, 2022

G20 economies show restraint in use of trade restrictions amidst ongoing instability

G20 economies continued to exercise restraint in the use of trade-restrictive measures despite increasing economic uncertainty aggravated by the COVID-19 pandemic and the war in Ukraine, according to the 27th WTO Trade Monitoring Report on G20 trade measures issued on 7 July. WTO Director-General Ngozi Okonjo-Iweala called on G20 countries, and WTO members at large, to show that the international community can work together to de-escalate tensions and ensure a solid economic recovery.

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