Guest blog: Trade policy can ensure inclusive prosperity in wake of COVID-19
Guest blog Written by Chantal Line Carpentier, UNCTAD, and Katrin Kuhlmann, Georgetown Law School first published here. Trade-restrictive measures imposed by G20 governments have reached historically high levels , a trend that has only increased with the pandemic. Worldwide, supply chains are also constricting, and some countries are promoting reshoring of production due to both technological change and more inward-looking trade and economic policies. As experts and world leaders assess the intricate supply chain vulnerabilities of our essential goods following COVID-19-related trade restrictions, opportunities arise to realign the structure and substance of trade rules to respond to rising inequalities, climate change and frustrations with trade’s role in development. That is ironically the call made by the UN’s 2030 Agenda for Sustainable Development to achieve its Sustainable Development Goals (SDGs), as recently reiterated at the World Tr...