WTO Members Asked to
Share Information on Trade Measures related to COVID-19 on the lines of H1N1
Flue Break in 2009-10
·
Experts
to give impact next month
As
the WTO ramps up monitoring of the COVID-19 pandemic’s trade implications,
Director-General Roberto Azevędo calls for
transparency with regard to trade-related policies introduced to fight the
virus.
In a
24 March message asking all members to submit information to the WTO
Secretariat about recent trade and trade-related measures, DG Azevędo called specific attention to the policies members
had introduced in response to the coronavirus outbreak.
“The
current COVID-19 pandemic represents an almost unprecedented health crisis, and
members are understandably responding by introducing legislation and policies
to seek to combat this health emergency,” he wrote. “These include measures
that are trade-related, such as export measures and economic support programmes.”
The
DG asked members to provide the Secretariat with information about their
COVID-19 policies with trade implications, emphasising
that whatever they submit would be used purely for transparency purposes.
The
request was part of a longstanding transparency exercise in which the WTO
Secretariat compiles regular reports on trade-facilitating and restricting measures
introduced by members of the Group of 20 leading economies as well as by the
WTO membership as a whole. The next trade monitoring report will look at
measures taken between mid-October 2019 and mid-May 2020.
The
monitoring exercise has previously shone a spotlight on trade measures taken in
the context of health emergencies, notably the H1N1 flu outbreak in 2009-10.
In
comments on the COVID-19 outbreak, DG Azevędo has
stressed the importance of transparency with regard to trade-related measures,
arguing that it would be particularly useful for the many countries that rely
on imports for medical supplies.
More
broadly, the Director-General has set up a task force of experts from across
the Secretariat to monitor the impact of COVID-19 on trade flows and the
overall global economy. Some of the task force's findings will inform the WTO's
annual trade projections which will be released next month.