By October 31st 2020, a total of 2,031 policy interventions affecting international commerce were imposed by governments around the world. Widespread national export restrictions are hurting regional and global value chains. These not only have a negative impact on production and sales, but also send a disastrous signal and cause domino effects (WTO). The tendency to act out of self-interest is a natural instinct, but one that must be tempered with comprehension of the larger picture. Disrupting vital global production chains using export restrictions will be detrimental to everyone in the long run (UN). What should be the strategy for easing covid-19 export restrictions across the world and restoring trust and cooperation?
Featured TradeExperettes
Dr. Inu Manak, Research Fellow, Cato Institute
This event is part of The Economist Events Global Trade Virtual Week.