Q&A: Global trade likely to decline 13% in 2020 due to COVID-19 - says WTO director-general

Source: ahramonline

Roberto Azevêdo, director-general of the World Trade Organization, told Ahram Online in an interview that the coronavirus crisis has caused a shock to the world's economies that will hit growth and reduce the volume of international trade exchange by more than 13 percent؜.

He also said that while WTO regulations allow countries to temporarily ban some strategic exports, may of these initial trade restrictions have now been lifted.

The director of the international body also explained that recovery from the economic crisis caused by the pandemic depends on how quickly the pandemic is controlled, and then on whether governments support the right fiscal, monetary and trade policies.

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