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G20 trade restrictions soar, cover around $481 billion of trade, says WTO

The new restrictions covered six times more trade than in the previous period and were the largest since the WTO started monitoring G20 trade in 2012

Reuters  |  Geneva 

Countries belonging to the G20 group of the world's biggest economies applied 40 new trade restrictive measures between mid-May and mid-October, covering around $481 billion of trade, the World Trade Organization said on Thursday. The new restrictions covered six times more trade than in the previous period and were the largest since the WTO started monitoring G20 trade in 2012, it said in a statement. "The report's findings should be of serious concern for G20 governments and the whole international community," WTO Director-General Roberto Azevedo said in the ...

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First Published: Thu, November 22 2018. 23:03 IST
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