According to the World Trade Organization’s 1st Monitoring Report, G20 members have imposed 20 new trade-restrictive measures in last 8 months (between mid-October 2018 and mid-May 2019). Commenting on the report, WTO Director-General Roberto Azevêdo stated, “We urgently need to see leadership from the G20 to ease trade tensions and follow through on their commitment to trade and to the rules-based international trading system.”
On the brighter side, these economies implemented 29 new measures aimed at facilitating trade. G20 is a conglomeration comprising of Argentina, Australia, Brazil, Canada, China, France, Germany, India, Japan, Russia, the UK & the US, among others.
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