July 26, 2016
According to a new World Trade Organization (WTO) report, 22 new trade-restrictive measures were initiated by WTO members per month during the mid-October 2015 to mid-May 2016 review period. This constitutes a significant increase compared to the previous review period, which recorded an average of 15 measures per month, and is the highest monthly average since 2011.
The WTO's trade monitoring report indicates that, during the same period, WTO members adopted 19 new measures per month aimed at facilitating trade, a slight increase compared to the previous review period. The stockpile of trade-restrictive measures in place grew by 11 per cent during the review period.
"The report shows a worrying rise in the rate of new trade-restrictive measures put in place each month - hitting the highest monthly average since 2011," said WTO Director-General Roberto Azevêdo. "We hope that this will not be an indication of things to come, and clearly action is needed. Out of the more than 2,800 trade-restrictive measures recorded by this exercise since October 2008, only 25 per cent have been removed."
The report demonstrates that the overwhelming majority of the trade-restrictive actions consisted of anti-dumping measures.