Trade monitoring
Filter :
Language
Publication date
Content type
Analytical assessment of the trade and economic effects
Executive summary
The war in Ukraine is causing immense human suffering. At the same time, it has delivered another severe challenge to the global economy already strained by the impact of the COVID-19 pandemic. However, the multilateral trading system has withstood this disruption relatively well so far.
Way forward and policy implications
The war in Ukraine is causing immense human suffering. At the same time, it has delivered another major challenge to the global economy already strained by the impact of the COVID-19 pandemic. This series of crises has given rise to a move for reshoring, nearshoring and for “friend-shoring” – either making strategically important goods at home or procuring them from allies.
Introduction
The war in Ukraine started one year ago. The human and economic costs are enormous and growing. Through trade, particularly in food and some raw materials, its effects have spread globally, manifested by supply chain disruptions and increased food insecurity. Early assessments of the impact of the war, including a WTO Secretariat note (WTO, 2022), laid out different scenarios for spill-overs to other regions and identified countries and sectors at heightened risk. After one year of war, the WTO Secretariat has reassessed the situation and examined how the multilateral trading system has reacted to the crisis.
Résumé analytique
Les objectifs commerciaux occupent une place de premier plan dans les stratégies de développement des pays en développement. Malgré la pandémie de COVID-19, le commerce reste une priorité pour le développement. C’est le message fort qui ressort de l’exercice de suivi et d’évaluation 2022 de l’Aide pour le commerce, mené conjointement avec l’Organisation de coopération et de développement économiques (OCDE).
Resumen
Los objetivos comerciales ocupan un lugar destacado en las estrategias de desarrollo de los países en desarrollo. A pesar de la pandemia de COVID-19, el comercio sigue siendo una prioridad para el desarrollo. Este es el claro mensaje que se desprende del ejercicio de vigilancia y evaluación de la Ayuda para el Comercio de 2022, llevado a cabo conjuntamente con la Organización de Cooperación y Desarrollo Económicos (OCDE).
Outreach
The WTO maintains regular dialogue with the business community, non-governmental organizations, parliamentarians, other international organizations, the media and the general public to enhance cooperation and raise awareness of trade issues.
Secretariat and budget
The WTO Secretariat has over 600 regular staff and coordinates the activities of the WTO. Most of the WTO’s annual budget consists of contributions by its members.
Introduction
The overall objective of the WTO is to help its members use trade as a means to raise living standards, create jobs and improve people’s lives. The WTO operates the global system of trade rules and helps developing countries build their trade capacity. It also provides a forum for its members to negotiate trade agreements and to resolve the trade problems they face with each other.