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Recent Trade News

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WTO Report Finds Growing Stockpile of Trade Restrictions

International Centre for Trade and Sustainable Development Aug 04, 2015

The pace of removing trade-restrictive measures remains worryingly slow, WTO Director-General Roberto Azevêdo said last week, updating the global trade body’s 161 members on the latest figures of both trade-restrictive and trade-liberalising measures.

The Director-General was referring to the data from the latest monitoring report by the organisation’s economists, released on 23 July, which notes that 104 new trade-restrictive measures, excluding trade remedy measures, were adopted by WTO members during the period of mid-October 2014 to mid-May 2015.

On average, this breaks down to 15 new measures per month, leading to an overall increase in the stock of trade-restrictive measures since the last review, with the current total at 1,828. This amounts to an increase of 12 percent since the last reporting period, the report said.

Removal of these trade-restrictive measures has not moved as quickly as anticipated, with less than 25 percent of the total stock as calculated in October 2008 eliminated by May 2015.

Read Full Article on International Centre for Trade and Sustainable Development »