There has been a sharp rise in trade-restrictive measures in the year ending mid October, the World Trade Organization reported. The latest Trade Monitoring Report indicates coverage of trade-restrictive measures between mid-October 2023 and mid-October 2024 increased.
The report, released Wednesday for a meeting of the Trade Policy Review Body, also shows WTO members introduced a substantial number of trade-facilitating measures. But there is increasing evidence of inward-looking trade policies which could generate further uncertainty for the world economy, according to the report.
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