International Trade | Articles
Liberalization & Restriction of International Trade Amid COVID-19 – Update of Turkey’s Measures on Imports and Exports
The COVID-19 pandemic is continuing to affect the global economy as well as our everyday lives. Indeed, the World Trade Organization estimates that global trade is likely to fall steeply in every region of the world and across all sectors of the economy. In an optimistic scenario, the volumes of global trade in goods could tumble by 13% in 2020. If the COVID-19 pandemic is not kept in check soon and if governments fail to coordinate policy responses, the decline could amount to 32%, or more.
