Time: 7/2020
By: ASEAN Integration Monitoring Directorate - ASEAN Secretariat
The COVID-19 pandemic has resulted in demand spike for selected products, prompting countries to introduce trade measures, particularly export restrictions and removal of tariffs to ensure the meeting of domestic demand. Whilst temporary, there is a risk of restrictive trade measures becoming more permanent.
ASEAN has also seen the introduction of trade measures during the pandemic, although not comparatively more than other economies. More importantly, the region has committed to share information promptly, keep markets open, and ensure supply chain connectivity particularly for essential products.
In addition to ensuring supply chain connectivity, ASEAN will need to optimise the role of trade in post-pandemic economic recovery, leverage on digital technologies to boost trade, take a more proactive role in the reform of the global trading system, and support the role of the private sector and other stakeholders in restoring confidence in the post-pandemic world.
This Policy Brief examines trade policy responses and measures that have been introduced across ASEAN in time of the COVID 19, as well as initiatives taken by the region to ensure that trade connectivity remains intact to facilitate post-pandemic economic recovery.
Third ASEAN Policy Brief is attached below:
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<p>Time: 2024 By: Ministry of Industry and Trade</p>
