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Multiple Crises and Continued Restraint in the Use of Trade Restrictions

The latest Director-General’s mid-year report on trade-related developments arrives at a time when the world faces severe challenges and economic uncertainty, aggravated by the pandemic and the war in Ukraine. The Report shows that WTO Members continued to exercise restraint in the use of trade restrictions during the review period (mid-October 2021 to mid-May 2022). Building on the success of MC12, WTO Director-General called on Members to show that the international community can work together to de-escalate tensions and ensure a solid economic recovery.