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World Trade Organization Looks at the Impact of COVID-19 Pandemic on Global Trade

A new information note published by the WTO Secretariat looks at how the COVID-19 pandemic has affected global trade for services, from tourism and transport to retail and health services.

The Impact of COVID-19 Pandemic

The information note provides an overview of the impact of COVID-19 on various modes of supply and sectors that have been heavily affected by the crisis.

It underscores that the crisis has led to greater reliance on online services in a number of sectors as consumers develop new habits to cope with social distancing measures imposed to combat the pandemic.

The report points to the importance of services to broader economic activity and its role in connecting supply chains and facilitating merchandise trade.