The World Trade Organization's 12/11 report on annual trade-related developments indicates that WTO members have imposed significantly fewer trade-restrictive measures over the past year to address the decline in trade due to COVID-19.
WTO members have adopted 335 COVID-19 related measures on goods since the outbreak of the pandemic, of which 58 percent have been of trade-facilitating nature, covering about USD 227 billion of goods trade, while the other 42 percent have been trade-restrictive, covering trade worth USD 180 billion.
The WTO said the trade coverage of members’ import-facilitating measures over the past year has climbed to USD 731.3 billion (up from USD 544.7 billion in the previous period) while that of the import-restrictive measures has dropped to USD 440.9 billion (down from USD 746.9 billion in the previous period).
SOURCE: https://www.wto.org/english/news_e/news20_e/trdev_11dec20_e.htm