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Continued but slow rollback of COVID-19 related trade restrictions

WTO members showed restraint in the imposition of new trade-restrictive measures related to COVID-19 and continued to roll back restrictions adopted earlier in the pandemic, according to the Director-General’s annual overview report on trade-related developments. Despite a slowdown in new trade restrictions unrelated to the pandemic, the stockpile of unrepealed restrictive measures that has accumulated since the monitoring exercise started in 2009 now affects traded merchandise worth an estimated USD 1.5 trillion, or nearly 9% of world imports.