According to a study conducted by the World Trade Organization between October 2023 and October 2024 and published on Thursday 13 November, trade barriers have increased in G20 countries. These countries put 91 new trade-restrictive measures in place during this period—generally on imports.
According to the WTO’s estimates, these barriers amount to a loss of around $828.9 billion, whereas they represented only $246 billion in 2023.
“The report indicates a trade-restrictive trend, which should be a cause for concern. These measures, on both the import and the export sides, contribute to shortages, price volatility, and uncertainty. G20 economies must work to keep markets open and predictable, to enable goods to flow smoothly and foster the certainty that helps incentivise investment and job creation”, declared WTO Director-General Ngozi Okonjo-Iweala.
The United States and India are the two countries that have, by far, opened the most investigations and imposed the most anti-dumping measures during the period under review.
Besides the trade barriers, the WTO has observed an increase in trade-facilitating measures in all G20 countries in 2024 nevertheless.
See the report: https://aeur.eu/f/ebz (Original version in French by Léa Marchal)