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View all search resultsChina's imports in June rose for the first time since the coronavirus crisis paralyzed the economy this year, as demand for commodities surged on the back of government stimulus, while exports also rose in a sign the recovery is gaining traction.
Indonesia’s trade balance swung back to a trade deficit of US$350 million in April on the back of falling commodity prices and plummeting global demand amid the COVID-19 pandemic, Statistics Indonesia (BPS) has announced.
Now, when world trade has grown so deeply interdependent, the pandemic has exploded. The result is obvious: states are becoming more protectionist and nationalistic, disrupting the global supply chain. The pandemic is testing the resilience of globalization.
The World Trade Organization (WTO) Secretariat recently published a non-exhaustive list of trade-related measures taken by WTO Members in response to the COVID-19 outbreak. Interestingly, the list shows two common types of trade policies taken by countries to tackle the crisis.
What we badly need now in coping with the most pressing health and economic problems caused by the novel coronavirus (we do not know for how long) is a powerful coordinating management and even a sort of crisis management or nerve center directly under the President and comprising related ministers and business leaders.
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