• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
WTO Members Address Trade-Related Developments

WTO Members Address Trade-Related Developments

07/27/2023
3rd Dairy Market Innovation Asia Pacific Summit 2025

Be Part of the 3rd Dairy Market Innovation Asia Pacific Summit 2025

06/20/2025
S.K.Singhi & Partners LLP Expands Global Legal Reach with LEXITS Platform and International Recognition

S.K.Singhi & Partners LLP Nominated for Go Global Awards 2025

06/19/2025
S.K.Singhi & Partners LLP Expands Global Legal Reach with LEXITS Platform and International Recognition

S.K.Singhi & Partners LLP Expands Global Legal Reach with LEXITS Platform and International Recognition

06/19/2025
Assist Export Bridges Global Markets with Strategic Trade and Consultancy Solutions

Assist Export Nominated for Go Global Awards 2025

06/19/2025
Assist Export Bridges Global Markets with Strategic Trade and Consultancy Solutions

Assist Export Bridges Global Markets with Strategic Trade and Consultancy Solutions

06/19/2025
Tariffs Lowered in New UK-U.S. Trade Agreement

Tariffs Lowered in New UK-U.S. Trade Agreement

06/17/2025
U.S. Signs Order to Implement Partial Tariff Reductions on UK Imports

U.S. Signs Order to Implement Partial Tariff Reductions on UK Imports

06/17/2025
Canada, U.S. Target 30-Day Timeline for Economic and Tariff Agreement

Canada, U.S. Target 30-Day Timeline for Economic and Tariff Agreement

06/17/2025
NUTRITECH NUTRITION: Leading the Fight Against Malnutrition in South Asia

Nutritech Nutrition Nominated for Go Global Awards 2025

06/20/2025
NUTRITECH NUTRITION: Leading the Fight Against Malnutrition in South Asia

NUTRITECH NUTRITION: Leading the Fight Against Malnutrition in South Asia

06/17/2025
FlavAir StyX from Denmark’s Considaret Clk Group Expands Worldwide with Natural Anti-Addiction Filters

Considaret Clk Group Denmark Nominated for Go Global Awards 2025

06/20/2025
FlavAir StyX from Denmark’s Considaret Clk Group Expands Worldwide with Natural Anti-Addiction Filters

FlavAir StyX from Denmark’s Considaret Clk Group Expands Worldwide with Natural Anti-Addiction Filters

06/17/2025
supplychainreport
Monday, June 23, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

WTO Members Address Trade-Related Developments

by Daisy D.
07/27/2023
in Global Trade, International Relations

The mid-year report on trade-related developments released by the World Trade Organization (WTO) highlights the ongoing efforts of WTO members to facilitate imports and exercise restraint in the use of trade-restrictive measures from mid-October 2022 to mid-May 2023. Despite these efforts, export restrictions on food, feed, and fertilizers persist, impacting global supply stability and price fluctuations.

The report, presented during a Trade Policy Review Body meeting on July 27, arrives during a period of multiple global challenges, including the ongoing conflict in Ukraine, climate change-related events, elevated food and energy prices, inflation, and the continuing consequences of the COVID-19 pandemic.

YOU MAY ALSO LIKE

Tariffs Lowered in New UK-U.S. Trade Agreement

U.S. Signs Order to Implement Partial Tariff Reductions on UK Imports

The data reveals an increase in the implementation of new export restrictions by WTO members since 2020, primarily driven by the pandemic and the conflict in Ukraine. As of July 14, 2023, out of the 104 export-restrictive measures on food, feed, and fertilizers introduced since February 2022, 59 measures remain in place, covering approximately USD 24.5 billion in trade, down from 63 in mid-May 2023.

During this review period, WTO members introduced 182 trade-facilitating and 110 trade-restrictive measures on non-pandemic-related goods. The majority of trade-facilitating measures pertained to imports, while most trade-restrictive measures related to exports. This period marked the third instance since 2009 where new export restrictions outpaced import restrictions.

The report notes that the trade coverage of trade-facilitating measures introduced during this period was estimated at USD 703.7 billion, a decrease from the previous report’s USD 1,160.5 billion. Conversely, the trade-restrictive measures’ trade coverage stood at USD 110.5 billion, down from USD 278.0 billion.

Import restrictions remained a significant aspect of global trade, with no significant reduction in existing measures observed. By the end of 2022, approximately 9.2% of global imports were affected by import restrictions introduced since 2009 and still in effect.

The report also highlights a decline in the initiation of trade remedy investigations by WTO members in 2021 and 2022, while the number of terminations of trade remedy actions increased. Trade remedy actions continued to be a crucial trade policy tool, constituting 30.6% of non-COVID-19-related trade measures on goods. Anti-dumping measures remained the most frequently employed trade remedy action.

The significant decrease in trade remedy initiations could be attributed to various factors, such as a focus on ensuring well-stocked territories amid global crises, like the pandemic and the conflict in Ukraine, potentially affecting the use of trade remedies.

Regarding services, most of the 74 new measures introduced during the review period were trade-facilitating, with various sectors affected, including telecommunications, financial services, business services, health, tourism, travel, and transport services.

WTO members also implemented several new economic support measures, including environmental impact reduction programs, renewable energy production schemes, and support for energy efficiency and decarbonization, as well as clean and renewable energy projects. Support programs for the agricultural sector were also introduced.

While the implementation of new COVID-19 trade-related measures declined, a majority of the measures were trade-facilitating, consisting of reductions in customs duties, terminations of existing measures, or amendments of others. By mid-May 2023, 83.7% of export restrictions related to COVID-19 had been rolled back, leaving 21 restrictions in place.

No new COVID-19-related services measures were reported by WTO members, but several measures introduced in 2020 remain in effect. Since the start of the pandemic, 156 COVID-19-related services measures were identified, with 22 reported as terminated by mid-May 2023. The number of new COVID-19-related support measures to mitigate the social and economic impacts of the pandemic declined significantly.

Stay informed on supply chain news at The Supply Chain Report. Free international trade tools are at ADAMftd.com.

#WTO #TradePolicy #GlobalTrade #ExportRestrictions #FoodSecurity #SupplyChainStability #TradeMeasures #UkraineConflict #ClimateChange #Inflation #PandemicImpact #TradeFacilitatingMeasures #ImportRestrictions #AntiDumping #RenewableEnergy #AgricultureSupport #EconomicRecovery #GlobalSupplyChain #TradeReview #WTOReport

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.