International Trade Today is a Warren News publication.

UN Urges Lifting of Export Restrictions to Help Developing Countries

Scarcity of medical products for developing countries is likely to worsen as the world’s major economies -- including the U.S., India and Germany -- continue to place export restrictions on virus-fighting goods, according to an April 28 United Nations notice.…

Sign up for a free preview to unlock the rest of this article

If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.

The UN said nearly 80 countries have imposed an export restriction on medical supplies, creating import obstacles for poor and vulnerable countries, which depend on “the steady and consistent availability” of these items from the world’s major producers. The UN urged nations to “temper” their “instinct” to act out of self-interest, saying export restrictions will be “detrimental to everyone in the long run.”