Jay Louvoin/ Studio Casagrande
In addition to the COVID-19 pandemic, the situation in Ukraine has had a significant impact on millions of people's lives, particularly in terms of their ability to access food.
According to WTO Director, "G20 nations must display restraint in enacting trade-restrictive measures and demonstrate leadership in support of open and mutually beneficial trade."
"In the field of intellectual property, numerous G20 countries have enacted policies and sanctions that may indirectly impair the upkeep and licensing of intellectual property rights."
The group calculates that, excluding penalties, the commercial impact of export restrictions implemented by G20 economies in response to the war is projected to be $52.2 billion.
source: reuters.com
According to WTO Director, "G20 nations must display restraint in enacting trade-restrictive measures and demonstrate leadership in support of open and mutually beneficial trade."
"In the field of intellectual property, numerous G20 countries have enacted policies and sanctions that may indirectly impair the upkeep and licensing of intellectual property rights."
The group calculates that, excluding penalties, the commercial impact of export restrictions implemented by G20 economies in response to the war is projected to be $52.2 billion.
source: reuters.com
