WTO monitoring shows members acting to facilitate trade despite protectionist pressures

WTO members continue to introduce more trade-facilitating measures than trade-restricting measures on goods, an important signal of members’ commitment to keep trade flowing despite the current geopolitical uncertainty, according to the latest Trade Monitoring Update issued on 8 July. The Update, covering the period between mid-October 2023 and mid-May 2024, also notes a rapid increase in industrial policy subsidies, particularly in areas related to climate change and national security.

WTO monitoring shows members acting to facilitate trade despite protectionist pressures
WTO members continue to introduce more trade-facilitating measures than trade-restricting measures on goods, an important signal of members’ commitment to keep trade flowing despite the current geopolitical uncertainty, according to the latest Trade Monitoring Update issued on 8 July. The Update, covering the period between mid-October 2023 and mid-May 2024, also notes a rapid increase in industrial policy subsidies, particularly in areas related to climate change and national security.