Presenting the latest annual edition of the Statistical Review of World Trade, the highest representative of the World Trade Organization (WTO) emphasized that the pandemic of this disease has devastating global consequences.
It meant that millions of people lost their lives and that large segments of the population, especially in developing and least developed countries, remained vulnerable.
Okonjo-Iweala noted that COVID-19 has caused the worst economic recession since the 1930s, with livelihoods and businesses halting and extreme poverty and hunger increasing, while employment is much lower than the pre-crisis trend.
The report collects recent trends in global trade and seeks to provide statistical information on the commercial impact of the disease caused by SARS-Cov-2.
It also highlights that the value of global merchandise exports fell by eight percent, while trade in services contracted by 21 percent in 2020.
According to the document, commercial activity began to recover in the middle of 2020, but with significant differences between regions and sectors, while the reactivation of the movement of goods was mainly due to manufactured products, while the movement of services is still affected by the continuation of travel. restrictions.
All information in the text has been compiled in cooperation with the United Nations Conference on Trade and Development, in cooperation with the International Trade Center and the United Nations Statistics Division.
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