G20 Trade Measures More Restrictive: WTO Report
Dec 19, 2023 20:10
WTO reports G20 countries have introduced more trade restrictions than facilitations in recent months, urging them to unwind these measures for economic stability.
New Delhi, Dec 19 (PTI) Trade measures introduced by G20 member countries have become more restrictive in recent months, according to a report from the World Trade Organisation (WTO).
According to the 30th WTO Trade Monitoring Report on G20 trade measures, between mid-May and mid-October 2023, the countries have introduced more trade-restrictive than trade-facilitating measures on goods.
WTO Director-General Ngozi Okonjo-Iweala has called on the G20 to show leadership and contribute to economic stability and growth by unwinding recent and longstanding restrictions on trade.
G20 members include India, Argentina, Australia, Brazil, Canada, China, France, Germany, Japan, Russia, the UK, and the US, among others.
"Trade measures introduced by G20 economies have become more restrictive in recent months," the WTO said.
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