WTO Highlights Continuing Trade Barriers Among G20 Countries
The WTO recently released a report that spells out a number of trade restrictions introduced between G20 members over recent years, saying members are increasingly using such barriers (here). "World trade has grown more slowly than expected since the June…
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2014 report, due largely to slow and uneven economic growth in both developed and developing economies,” said the WTO. “On current forecasts trade growth will remain below average in 2014 and 2015. The removal of remaining trade‑restrictive measures combined with further multilateral trade liberalization would be a powerful policy response.” The G20 includes the U.S, European Union, Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey and the United Kingdom.