• Українською
  • Ukraine with other WTO countries issued a joint statement of ministers on COVID-19 and multilateral trading system
    Ministry of Economic Development, Trade and Agriculture of Ukraine, posted 08 May 2020 13:53

    On 5 May 2020, WTO members, including Ukraine, issued a Joint Statement on priority ways to respond systematically to the current global health crisis and to protect human life as well as the essential role of the WTO in this regard.

    In the Statement, WTO members stressed the need to intensify efforts to strengthen coordination and cooperation at the international level through the following:

    facilitating cross-border flows of vital medical supplies and other essential goods and services, including through the application of best practices and simplified procedures and through further trade opening;

    • maintaining agriculture supply chains and preserving Members' food security and refraining from the imposition of unjustified export restrictions on agricultural and food products in response to the COVID-19 pandemic.
    • supporting the vital role of the WTO as it monitors trade-related measures implemented by WTO Members in response to the COVID-19 situation,
    • in case of introducing trade restrictive emergency measures providing those to be targeted, proportionate, transparent and temporary, not creating unnecessary barriers to trade or disruption to global supply chains, and being consistent with WTO rules, pledging to lift any such measures as soon as possible;
    • further notifying the WTO of any trade measures connected with COVID-19 pandemics;
    • intensifying efforts to support the ability of micro-, small and medium sized enterprises to make a contribution to economic recovery as the negative impact will be especially severe for them.

    The document contains that the Members support the full resumption of all WTO activities and express commitment to intensify their efforts to develop new WTO disciplines, to improve existing WTO disciplines and to find a lasting solution to the situation relating to the WTO Appellate Body as well as to reform the WTO.

    “A predictable, transparent, non-discriminatory and open global trading system will be essential for broad-based, sustainable economic recovery. We, therefore, strongly reaffirm our support for the rules-based multilateral trading system and the central role of the WTO. We will continue to act in a manner consistent with our WTO rights and obligations. We will refrain from raising new unjustified barriers to investment or to trade in goods and services,” reads the Joint Statement.