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Export restrictions during global health crises : the international community can and must do better
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1028-3625
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EUI RSCAS; 2020/66; Global Governance Programme-413; [Global Economics]
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PUCCIO, Laura, SAPIR, André, Export restrictions during global health crises : the international community can and must do better, EUI RSCAS, 2020/66, Global Governance Programme-413, [Global Economics] - https://hdl.handle.net/1814/68615
Abstract
COVID-19 represents one of the biggest pandemic faced by humanity in recent times, spreading to almost all countries and territories on all continents. Because it spread so suddenly and quickly, COVID-19 produced an unparalleled increase in demand in personal protective equipment, medical products and devices, which far outpaced the ability to increase supply. The outcome was a shortage in these products, which lead several countries to introduce export restrictions. This paper offers a legal and economic assessment of these export restrictions and argues that the current international rules – administered respectively by the World Health Organisation (WHO) and the World Trade Organisation (WTO) – are ill-suited to deal with critical shortages that are likely to arise during, or at least in the early days of, a pandemic. Absent better rules and greater international cooperation, there was no alternative to the proliferation of export restrictions. The paper proposes the establishment of a new normative framework involving both WHO and WTO to avert supply shortages and export restrictions during a pandemic.
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European Commission, 770680
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Funding from the European Union's Horizon 2020 research and innovation program under grant agreement No 770680 (RESPECT).