Anna Tangaeva, Head of Trade Regime Analysis Division, ITI, presents an overview of emergency measures in trade regulation introduced in light of the COVID-19 pandemic.
In recent years, the world has seen a rise of protectionism in international trade manifested in a growing number of restrictions applied to certain countries, contrary to the principles of non-discrimination in trade. However, since this March, as the coronavirus pandemic broke out, various countries have introduced a wide range of emergency trade policy measures which reverse this trend.
Alongside a decline in overall demand and supply of goods and services, there is a significant increase in demand for goods used in the fight against the pandemic and also for certain essential foods. To avoid a deficit in these goods and support supply on a sufficient level, countries introduce urgent measures.
Read more in the «Trade policies during the pandemic» article on our website.
For more information about technical regulation and sanitary and phytosanitary measures implemented by various countries during the pandemic, please see the «International trade and the pandemic» article by ITI expert Anna Rybakova on our website.