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Articoli Correlati: trade restrictions - import -restrictive measures - WTO

On the 12^th of December 2019, the World Trade Organization Director General, Roberto Azevêdo, issued his annual report on the developments achieved on trade-related issues that have been discussed during the Trade Policy Review Body meeting.

In particular, during such meeting it emerged that trade restrictions by WTO members continue at historically high levels, with specific consideration for last year up until the end of October 2019 the trade coverage of import-restrictive measures was estimated at USD 747 billion, which represents the highest trade coverage since October 2012. Director-General Roberto Azevêdo commented: “The report’s findings should be of serious concern for WTO members and the broader international community. Historically high levels of trade-restrictive measures are hurting growth, job creation and purchasing power around the world. Strong collective leadership from the membership would make an important contribution to increasing certainty, encouraging investment and bolstering trade and economic growth. Without such action, however, unfavourable trends could become worse.”