WTO publishes report on critical medical goods and services amid coronavirus (COVID-19)

WTO publishes report on critical medical goods and services amid coronavirus (COVID-19)

The World Trade Organization (WTO) Secretariat has published a report on 'how WTO members have used trade measures to expedite access to critical medical goods and services as part of their responses to the coronavirus (COVID-19) pandemic.' The report notes that trade has had an impact on improving access to COVID-19 critical medical goods and services since the beginning of the coronavirus pandemic. The WTO Secretariat states that although sourcing of certain products remains a challenge for some developing countries, the initial data for 41 countries demonstrates that trade in medical goods increased by 38.7% in the first half of 2020. In addition, the report details a variety of trade-related measures that members have applied, 'from temporary reductions or deferrals of duties, taxes and charges on COVID-19 critical medical supplies to simplified customs procedures and border clearance.'

The full report can be viewed here.

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