News / Trade protectionism a barrier to the recovery of global economies, warns ICS

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Increasing trade barriers by governments around the world are hampering the global economy as it attempts to recover from the pandemic’s economic fallout, warned the International Chamber of Shipping today.

According to the International Trade Centre, the Covid pandemic has led governments to throw up “temporary trade measures that aim to restrict exports of vital medical supplies, and to liberalise imports of vital medical supplies as well as other essential products”.

As of last week, some 98 countries have temporary export restrictions ...