WTO "G20 '수입제한 규제' 역대 최대…543조원대 교역에 타격"<br /><br />A new report by the WTO shows trade volume among the G20 economies expanded to a record-high.<br />However, the benefits from improved trade have been mitigated by newly implemented protectionist measures... particularly those coming from China and the U.S.<br />Kim Ji-yeon breaks down the digits for us. <br />The World Trade Organization, in a report released Thursday on the Group of 20, says trade volume among the G20 economies in the five months through mid-October amounted to 481-billion U.S. dollars.<br />That's almost six times the amount recorded in last year's review... and the largest since related data were first compiled by the WTO in 2012.<br />The report also showed, however, that the G20 countries are restricting trade with a record number of measures like tariffs.<br />It said during the five-month review period they applied a total of 40 new trade-restrictive measures, including tariff increases, import bans and export duties.<br />Most of those measures -- 79 percent of them -- were retaliatory steps taken by the world's two biggest economies, China and the U.S.<br />The report warned that its findings constitute a source of serious concern and called on G20 economies to take immediate action to de-escalate the situation.<br />This was reiterated in a separate report by the OECD released earlier this week, which warned that the combined gross domestic product of the global economy could shrink by 8 tenths of a percent by 2021... if the U.S. goes ahead with plans to charge a 25-percent tariff on all Chinese imports.<br />Kim Ji-yeon, Arirang News.<br />
