July 27, 2023

WTO members facilitate imports, reduce trade restrictions, but food export curbs persist

The Director-General’s mid-year report on trade-related developments shows that WTO members continued to facilitate imports and generally exercise restraint in the use of trade-restrictive measures from mid-October 2022 to mid-May 2023. However, while the number of export restrictions on food, feed and fertilizers has come down substantially, many such measures remained in place, contributing to supply uncertainty and price volatility. Director-General Ngozi Okonjo-Iweala urged members to work together to deliver results at the 13th Ministerial Conference (MC13) that strengthen the WTO and ensure trade continues to foster growth, resilience and prosperity.

All copyrights for this article are reserved to WTO news

Share This