The impact on container shipping lines from the coronavirus pandemic could total about 17 million twenty-foot equivalent units , according toLars Jensen, CEO of Copenhagen-based SeaIntelligence Consulting. That amounts to about 10% of global volumes in a normal world,Jensen told wealth management firm UBS.

The table below lists the support measures taken by WTO members and observers in response to the COVID-19 pandemic. These measures have been submitted by delegations https://www.bigshotrading.info/ directly to the WTO Trade Monitoring Section in response to the requests by the Director-General in March 2020 and by Deputy Director-General Agah in September 2020.

Retool U.S. supply chains to address weaknesses exposed by new coronavirus

They provide specific policy guidance on how to bridge existing gaps through concrete action in seven policy areas. The assessments give UNCTAD access to a unique network of people making a difference in creating an enabling environment for e-commerce in their country. Business FacilitationCountries are using UNCTAD’s e-government platform to continue providing essential services and new COVID-19 fiscal rescue measures to businesses while offices are closed. From our work on the ground, we have gathered best practices, standard operating procedures, manuals and other resources that countries can use to limit the economic damage from the coronavirus and keep essential services running. How digital connectivity facilitates inclusive global trade New report shows how UNCTAD’s customs automation programme, ASYCUDA, helps developing nations increase customs revenues while reducing the time and cost of trade. We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth.

Possible vulnerabilities due to disruptions in supply chains can be countered by stockpiling key supplies and taking steps to make sure that any crucial items are provided by multiple sources. The COVID-19 pandemic has had devastating health and economic consequences, with unprecedented disruption to people’s lives, the global economy and world trade. One of the most effective means of addressing this crisis is through timely, accurate information.

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World Coronavirus COVID-19 CasesOctober 2022 Data

The WTO remains the most important forum for creating modern trade rules, providing transparency for government actions that promote and hinder trade, and resolving disputes between Member States. Throughout the pandemic, the WTO rules have kept global trade flowing and fostered transparency on measures taken by countries to respond to the crisis. … The pandemic has placed tremendous strain on peoples’ health and livelihoods around the world. The WTO can show that it is capable of effectively addressing trading coronavirus a global challenge like COVID-19, and helping the world build back better. Of course, as I’ve written for in both Equitable Growth’s Vision 2020 project and elsewhere, while international markets come with immense benefits, we should also be careful to respond to the downsides that affect U.S. workers. Both during and after the crisis, U.S. policymakers need to put workers at the center of our policy efforts, pursuing progressive reforms to our tax system, our trade agreements, and our safety net.

Air cargo is instrumental in transporting food and other products purchased online in support of quarantine and social distancing policies implemented by states. A global effort to help developing countries access and deliver COVID-19 vaccines, testing, and therapeutics, as they work to end the pandemic and boost economic recovery.

Global medical trade in the time of the coronavirus pandemic

UNCTAD taps into that network to monitor the impacts of the COVID-19 on trade, including digital trade, and to identify good practices that can be swiftly implemented within the most vulnerable countries. It supports efforts to use e-commerce as a solution to avoid trade disruption, foster access to essential goods and protect livelihoods. Competition and Consumer ProtectionThe COVID-19 pandemic has opened the way for unfair, misleading and abusive business practices, hitting consumers hard and leaving the most vulnerable ones more disadvantaged. Such practices have required governments and consumer protection agencies to be vigilant and intervene to protect consumers effectively. Building resilient maritime logistics in challenging times UNCTAD launches new tools to help build maritime supply chain resilience by supporting countries to cope with and adapt to disruptions that extend beyond pandemics. Trade unions, where possible, are concluding agreements with employers and Governments to put in place measures and resources to keep workers safe, to protect their jobs and incomes during the coronavirus crisis no matter what their job, occupation or employment relationship. Such ‘social dialogue’ agreements have the potential to address the real problems faced by workers and companies.