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.

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DG Azevêdo video message: Trade forecast 2020 (June update)

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Frequently asked questions: The WTO and COVID-19

WTO reports on COVID-19 and world trade

COVID-19: Trade and trade-related measures

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

It will be up to us to turn this crisis into a historic opportunity that will allow us to definitively transform the economies of our subregion, harmonize and converge our economic and financial systems, and create a regional business fabric capable of competing in the international arena

Leoncio Amada NZE, President for the CEMAC region at the African Energy Chamber
1 June 2020

Specialization and production on a large scale generate significant economic benefits. This is what enables consumers to access sophisticated goods at a low cost. If, however, we backtrack, and build value chains that are less fragmented and more resistant to shocks, then production costs will rise and consumers will foot the bill

Isabelle Méjean, professor at the École polytechnique française
26 May 2020

In a world that is interdependent, a strong system of multilaterally agreed rules lies at the foundation of a stable and predictable system. And in a world during and after COVID-19 where economic challenges seem inevitable, such rules will have an even more crucial role to play

RV Anuradha, specialist in international economic law and policy
19 May 2020

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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