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An assessment of trade policies related to COVID-19

Author

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  • Nunes de Faria, Rosane
  • Grimaldo Hidaldo, Laura Mercedes
  • Ferraz, Leonardo

Abstract

Amidst the COVID-19 crisis, international trade was particularly important to guarantee the supply of medical and other goods. This article analyses COVID-19 trade-related policies found in the World Trade Organization (WTO) system from February to October 2020. We used the Database of WTO members’ notifications on COVID-19, including information on 198 notifications. It allows us to observe the trend of notifications, countries and products most affected, types of measures, and the adherence to the WTO’s guidelines. Our findings show two waves of notifications. In the first wave, countries acted unilaterally with little regard to multilateral tools. However, in the second wave, characterized by the predominance of tradefacilitating measures, a trend towards multilateral actions is observed through the establishment of “declarations”. Personal protective equipment (PPE) and medical supplies were the most affected products, but agricultural and food products have also been heavily affected.

Suggested Citation

  • Nunes de Faria, Rosane & Grimaldo Hidaldo, Laura Mercedes & Ferraz, Leonardo, 2021. "An assessment of trade policies related to COVID-19," Revista Galega de Economía, University of Santiago de Compostela. Faculty of Economics and Business., vol. 30(1), pages 1-17.
    • Handle: RePEc:sdo:regaec:v:30:y:2021:i:1_3
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    References listed on IDEAS

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    More about this item

    Keywords

    COVID-19; WTO notification; International trade.;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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