WTO investigates impact of coronavirus (COVID-19) on small businesses

WTO investigates impact of coronavirus (COVID-19) on small businesses

The World Trade Organization Secretariat has published an information note detailing how micro, small and medium-sized enterprises (MSMEs) are being affected by the coronavirus (COVID-19) pandemic. In particular, the information note discusses the impact of supply chain disruptions on MSMEs and the extent to which smaller businesses are represented in the economic sectors hardest hit by the crisis. The report also investigates the measures taken by governments to support MSMEs that are severely impacted by supply chain disruptions. Information on how international trade provides MSMEs with opportunities to diversify revenue streams and better navigate the coronavirus crisis is also included in the report.

The report can be read in full here.

Source: WTO report examines impact of COVID-19 pandemic on small businesses  

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