Meeting current challenges: The job at hand for the WTO

While the pandemic exposed some of the fragilities that come with economic interdependence, it has also revealed considerable strengths: global trade in personal protective equipment more than doubled in the 12 months leading up to May 2020, illustrating how global markets and integrated supply chai...

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Bibliographic Details
Published in:International trade forum 2020-10, Vol.2020 (4), p.18-19
Main Author: Wolff, Alan Wm
Format: Article
Language:English
Subjects:
Climate change
Coronaviruses
COVID-19
Medical supplies
Pandemics
Personal protective equipment
Plastic pollution
Subsidies
Vaccines
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Summary:While the pandemic exposed some of the fragilities that come with economic interdependence, it has also revealed considerable strengths: global trade in personal protective equipment more than doubled in the 12 months leading up to May 2020, illustrating how global markets and integrated supply chains are helping meet urgent demand. Export restrictions placed on personal protective equipment and other medical supplies should be subject to clear agreed international rules. To meet the challenge of climate change, environmental goods and services should become duty-free, and the multilateral trading system should include new measures to deal with carbon reduction.
ISSN:1564-5304
0020-8957
1564-5304
DOI:10.18356/15645304-2020-4-8