G-20 Agrees Coronavirus Trade Restrictions Should Be Temporary
Export restrictions on food, medicine or medical supplies “must be targeted, proportionate, transparent, and temporary,” the G-20 countries said in a statement on trade and COVID-19 released March 30. They agreed they would notify the World Trade Organization if any…
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restrictions are implemented, and they will consider the needs of other countries for emergency supplies and humanitarian assistance. “We are actively working to ensure the continued flow of vital medical supplies and equipment, critical agricultural products, and other essential goods and services across borders, for supporting the health of our citizens. Consistent with national requirements, we will take immediate necessary measures to facilitate trade in those essential goods,” the ministers wrote. They want global supply chains to continue to function.