WTO, IMF Ask Nations to Stop Imposing Export Restrictions

The World Trade Organization and International Monetary Fund asked nations to stop imposing or intensifying export and other trade restrictions and to lift those put in place because of the coronavirus pandemic.

“Export restrictions can be dangerously counterproductive,” the institutions said in a joint statement Friday. “Such measures disrupt supply chains, depress production, and misdirect scarce, critical products and workers away from where they are most needed.”