Not ensuring access to Covid vaccines could undermine eco recovery: WTO

Failing to ensure wider access to COVID-19 vaccines could undermine the global economic and trade recovery, a report of the World Trade Organization (WTO) warned on Thursday. The Director-General's mid-year report on trade-related developments presented to members on Thursday calls on WTO member countries to ensure that markets remain open and predictable. WTO Director-General Ngozi Okonjo-Iweala said this report clearly suggests that trade policy restraint by member countries has helped limit harm to the world economy. However, some pandemic-related trade restrictions do remain in place and the challenge is to ensure that they are indeed transparent and temporary, she said. "The report calls on WTO members to ensure that markets remain open and predictable, and warns that failing to ensure wider access to COVID-19 vaccines could undermine the global economic and trade recovery," WTO said in a statement. The report noted that since the outbreak of the pandemic, 384 COVID-19-relate

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