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Trade restrictions are increasing, especially on food, says WTO


The World Trade Organization said in a report on Tuesday that countries were introducing at an increased pace, particularly on food, feed and fertilisers.

“Out of the 78 export restrictive measures on food, feed, and fertilizers introduced since the start of the war in late February, 57 are still in place, covering roughly $56.6 billion of trade,” said Director-General Ngozi Okonjo-Iweala.

“These numbers have increased since mid-October, which should be a cause for concern,” she said.

However, nearly 80 % of COVID-19 have been repealed, the report said, citing data through to mid-October.

(Reporting by Emma Farge, Editing by Miranda Murray)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


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