The Impacts Of Covid-19 Crisis On Regional Trading Agreements

There is a live debate on the impact of COVID-19 on the structure of global production and global supply chains. For some, COVID-19 advocates renationalization, or at least reductions in supply chains, to reduce the risks associated with global exposure. From this point of view, companies may have to reconsider purchasing decisions, which would lead to a reorganization of global production, which could have significant implications, particularly for developing countries. Similarly, it is argued that governments must review the list of strategic assets that require domestic production or impose new restrictions on public procurement. Public procurement practices may also be subject to review. Meet the needs of the most vulnerable countries – measures such as. B export restrictions and regional stockpiling could include exceptions or specific aid to meet the needs of the poorest countries. The WTO generally avoids occupational health and safety standards, with well-worded objections and considerations, and defers them to the ILO. [20] However, as noted above, the COVID 19 pandemic has resulted in an increased risk of collateral damage not only to general safety and safety in the workplace, but also to economies and the trading system as a whole. This non-exhaustive list of intellectual property protection measures was compiled by the WTO secretariat from official sources. It is an informal report and an attempt at transparency on the intellectual property rights (IR) measures related to the COVID 19 crisis.

For more information on the various measures, please consult the relevant official source. Countries have taken significant steps to contain the coronavirus pandemic, which has seriously harmed the tourism industry. The Organisation for Economic Co-operation and Development (OECD) estimates that the international tourism sector could decline by 60-80% by 2020, depending on the duration of the crisis. Countries are going beyond immediate, often macroeconomic, support measures to develop specific stimulus measures for the tourism sector, including the removal of travel restrictions, the restoration of traveller confidence and a change in mentality in the future of the tourism sector.

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