trade topics

COVID-19 and world trade

The COVID-19 pandemic represents an unprecedented disruption to the global economy and world trade, as production and consumption are scaled back across the globe.

One of the most effective means of addressing this crisis is through timely, accurate information. An informed public is better positioned to make sound decisions including on questions related to trade. This is why we have created this dedicated page on the WTO website. It will provide up-to-the minute trade-related information including relevant notifications by WTO members, the impact the virus has had on exports and imports and how WTO activities have been affected by the pandemic.

Latest news

 

Trade forecast 2021

Frequently asked questions: The WTO and COVID-19

WTO reports on COVID-19 and world trade

More reports

COVID-19: Trade and trade-related measures

COVID-19: Support measures

The table below lists the support measures taken by WTO members and observers in response to the COVID-19 pandemic. These measures have been submitted by delegations directly to the WTO Trade Monitoring Section in response to the requests by the Director-General in March 2020 and by Deputy Director-General Agah in September 2020. The list only includes measures communicated by members and observers and features measures only in the original language of the submission. The list is an informal situation report and an attempt to provide transparency with respect to support measures taken in the context of the COVID-19 crisis.

WTO members' proposals on COVID-19

Latest proposal

Enquiry points

In many areas of trade, WTO members are required to establish or maintain one or more “Enquiry Points” to answer reasonable enquiries of governments, traders and other interested parties and provide relevant documents and information. In emergency situations, such as the COVID-19 pandemic, access to information on product requirements and certification procedures can be crucial, as it can minimize or avoid delays or rejections at customs points.

WTO members' notifications on COVID-19

As of , WTO members had submitted a total of related to COVID-19.

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WTO Trade Barometers

The WTO has developed a set of indicators to provide “real-time” information on trends in world trade: the Goods Trade Barometer and the Services Trade Barometer. Both barometers highlight turning points in world trade and are intended to complement conventional trade statistics and forecasts.


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Maintaining open trade

Las fronteras se han dejado de lado en esta pandemia y seguramente así será en el futuro. Quizás la inercia nos lleve a eso. … Por eso debemos reflexionar rápidamente y poner en práctica a través de las relaciones multilaterales o bilaterales este nuevo nacimiento del comercio dentro del mundo. … Es urgente que el mundo se pueda abrir, en el comercio y en las relaciones complementarias, una vez más, el poder en este comercio internacional para lograr el progreso de nuestras naciones.

Luis Lacalle Pou, President of Uruguay
22 April 2021

Depuis le début de la pandémie, les MPME qui utilisent le numérique s'en sortent mieux que leurs homologues ne le faisant pas. … Le passage de l'argent liquide au numérique favorise la productivité et la rentabilité en réduisant les coûts opérationnels et en rendant les transactions commerciales moins chères, plus fluides et plus sûres. … La promotion d'un environnement qui favorise une culture numérique propice aux MPME permettra aux micro-entreprises d'être compétitives dans un environnement post-COVID.

Elizabeth Berthe, MicroSave Consulting
20 April 2021

Le financement du commerce est le moteur du commerce et jouera un rôle clé dans la reprise et la transformation structurelle des économies africaines afin de mieux préparer la région aux futures crises mondiales.

Dr Hippolypte Fofack, économiste en chef à Afreximbank
19 April 2021

More

Trade Facilitation and COVID-19: Report on Survey Results

This report compiles the findings of the joint COVID-19 survey carried out by TFAF, ICC and the Alliance.

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