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Global trade growth is expected to plummet by up to a third in 2020 due to the coronavirus pandemic, the World Trade Organization said Wednesday, warning that the numbers would be “ugly”.
With more than half of humanity asked to stay at home and economic activity grinding to a virtual standstill in many places, the havoc wreaked by COVID-19 coronavirus continues unabated.
The UAE has announced its support for the ministerial statement issued by the World Trade Organisation (WTO), on trade policies, under the framework of the fight against the coronavirus, COVID-19, pandemic.
Trade in medical goods registered growth of 16.3 per cent in 2020 - compared with 4.7 per cent growth in 2019 when the COVID-19 pandemic was just starting,