COVID -19 : it's impact on Trade: The globe is facing a harsh condition socially, Politically and economically. Almost every country has been affected by COVID-19 pandemic. International trade, cooperation, global market are facing unexpected challenges. Severe economic slowdown can be seen everywhere in the world. According to estimates from the WTO (World Trade Organization), world merchandise trade is dropped between 13 and 32% in 2020 as the COVID-19 pandemic. WTO has compared this financial crisis to financial crisis of 2009.
WTO Director- General Roberto Azevedo said on this condition, "The unavoidable declines in trade and output will have painful consequences for households and business, on top of the sufferings caused by the disease itself"
Restrictions on movement, social distancing, restrictions on travel and transport are directly affected in trade. Almost every sector has been shutdown as; hotels, restaurants, tourism and business Institutions etc that make countries finance. Global trade chains has became vulnerable
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