Global trade $85bn poorer from restrictive measures
The filling of the hold on the UN-chartered vessel MV Valsamitis while it is loaded to deliver 25,000 tonnes of Ukrainian wheat to Kenya and 5,000 tonnes to Ethiopia, at the port of Chornomorsk, east of Odessa on the Black Sea coast, on February 18, 2023. PHOTO | AFP
At least $85 billion worth of global trade is currently affected by trade restrictive measures aimed at addressing the spillovers of food insecurity brought about by the effects of the Russia-Ukraine War.
This is according to the 2023 edition of the World Trade Report themed Re-globalisation For a Secure, Inclusive and Sustainable Future launched September 12 during the WTO Public Forum in Geneva.
