WTO members show restraint in trade-restrictive measures despite economic uncertainty

The Director-General’s mid-year report on trade-related developments covering mid-October 2021 to mid-May 2022 shows WTO members continued to exercise restraint in imposing trade restrictions. The report, presented to members on 27 July at a Trade Policy Review Body meeting, looks at the use of trade measures at a time when the world faces severe challenges and economic uncertainty. Speaking at the launch of the report, DG Ngozi Okonjo-Iweala said it is important not to underestimate the risks generated by the COVID-19 pandemic and the impact of the war in Ukraine.

All copyrights for this article are reserved to WTO news