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Home > All news > Economy, Export Import > WTO : Members acting to facilitate trade despite protectionist pressures

WTO : Members acting to facilitate trade despite protectionist pressures

July 11, 2024
Reading Time: 2 minutes

Geneva - WTO members continue to introduce more trade-facilitating measures than trade-restricting measures on goods, an important signal of members’ commitment to keep trade flowing despite the current geopolitical uncertainty, according to the latest Trade Monitoring Update issued on 8 July. The Update, covering the period between mid-October 2023 and mid-May 2024, also notes a rapid increase in industrial policy subsidies, particularly in areas related to climate change and national security.

Commenting on the findings, Director-General Ngozi Okonjo-Iweala said: “This Trade Monitoring Update underscores the resilience of world trade . . .

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