EU: Proposes a strong multilateral trade response to the COVID-19 pandemic
- EU prepares legislation for adoption by the Council (representing the member countries)
- The company submitted its proposal seeking the commitment of World Trade Organization (WTO) members for a multilateral trade action plan
- This proposal to the WTO, divided into two communications underlines the WTO’s central role in the response to the COVID-19 pandemic
- The first element aims to limit the use of export restrictions and keep supply chains open
- Vaccine-producing countries should be ready to export a fair share of their domestic production
- The second element calls on governments to strongly encourage and support vaccine manufacturers and developers to expand production
