The future of global trade

The COVID-19 pandemic resulted in a contraction in international trade in 2020, as widespread lockdowns triggered a collapse in demand and significant disruptions to global production networks. As global economic activity recovers, global trade activity will improve but, until 2022, it is projected to remain below pre-pandemic levels. Beyond these short-term dynamics, the pandemic shock is likely to accelerate ongoing structural trends-including the evolving configuration of global value chains (GVCs), the rise of the digital economy, and the increasingly significant role of trade in services-which are shaping the future of the global trade landscape. In addition, the rules-based multilateral trading system is facing unprecedented challenges amid ongoing disputes at the World Trade Organization (WTO) and rising protectionism in parts of the world.

-contentType:Journal -contentType:Contributor -contentType:Concept -contentType:Institution
This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error