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COVID-19 and International Trade: The Role of the WTO in Fighting the Pandemic and Building Back Better

COVID-19 and International Trade: The Role of the WTO in Fighting the Pandemic and Building Back... The COVID-19 pandemic has presented one of the most significant global challenges in recent times. Movement restrictions to contain the spread of the virus led to supply-chain disruptions and shortage of essential products and services in many parts of the world. Many countries responded with trade restrictive measures to safeguard supply of essential goods for their population. However, this was also accompanied with a growing realization that global challenges require global solutions. The WTO provided a forum for international cooperation, allowing Members to coordinate their trade policies, and discuss further steps needed to fight against the pandemic. Now, with several vaccine candidates having been approved for use, the most pressing challenge is to ensure equitable and speedy access to vaccines. The WTO has an important role in this, from ensuring that trade actions are not used to pose a barrier to affordable and good-quality vaccines, to increasing vaccine production capacities in developing countries, and strengthening vaccine supply chains for quick delivery even in remote locations. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Global Trade and Customs Journal Kluwer Law International

COVID-19 and International Trade: The Role of the WTO in Fighting the Pandemic and Building Back Better

Global Trade and Customs Journal , Volume 16 (8): 16 – Jul 1, 2021

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Publisher
Kluwer Law International
Copyright
Copyright © 2021 Kluwer Law International BV, The Netherlands
ISSN
1569-755X
Publisher site
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Abstract

The COVID-19 pandemic has presented one of the most significant global challenges in recent times. Movement restrictions to contain the spread of the virus led to supply-chain disruptions and shortage of essential products and services in many parts of the world. Many countries responded with trade restrictive measures to safeguard supply of essential goods for their population. However, this was also accompanied with a growing realization that global challenges require global solutions. The WTO provided a forum for international cooperation, allowing Members to coordinate their trade policies, and discuss further steps needed to fight against the pandemic. Now, with several vaccine candidates having been approved for use, the most pressing challenge is to ensure equitable and speedy access to vaccines. The WTO has an important role in this, from ensuring that trade actions are not used to pose a barrier to affordable and good-quality vaccines, to increasing vaccine production capacities in developing countries, and strengthening vaccine supply chains for quick delivery even in remote locations.

Journal

Global Trade and Customs JournalKluwer Law International

Published: Jul 1, 2021

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