Export restrictions : a negative-sum policy response to the COVID-19 crisis

dc.contributor.authorHOEKMAN, Bernard M.
dc.contributor.authorFIORINI, Matteo
dc.contributor.authorYILDIRIM, Aydin
dc.date.accessioned2020-04-16T13:05:16Z
dc.date.available2020-04-16T13:05:16Z
dc.date.issued2020
dc.description.abstractMany countries, including China, European member states, the European Union, India and the United States have put in place measures to restrict exports of medical products as part of their response to the COVID-19 pandemic. The objective is to allocate domestic supplies to national healthcare systems and citizens. These policies break supply chains that rely on sourcing of inputs from different countries, reduce access to critically needed supplies and foster excessive price spikes and volatility, and generate foreign policy tensions. Experience with widespread use of export restrictions by food exporting countries in times of market disruption and supply shortages suggests a priority for the G20 should be to work with industry to put in place systems to enhance access to information on production capacity, investments to boost supplies and address supply chain bottlenecks affecting production and trade in essential medical supplies.en
dc.description.sponsorshipSupported by the EU Horizon 2020 research and innovation program under grant agreement No 770680 (RESPECT).
dc.format.mimetypeapplication/pdfen
dc.identifier.issn1028-3625
dc.identifier.urihttps://hdl.handle.net/1814/66828
dc.language.isoenen
dc.orcid.uploadtrue*
dc.publisherEuropean University Instituteen
dc.relationRealizing Europe’s Soft Power in External Cooperation and Trade
dc.relation.ispartofseriesEUI RSCASen
dc.relation.ispartofseries2020/23en
dc.relation.ispartofseriesGlobal Governance Programme-389en
dc.relation.ispartofseries[Global Economics]en
dc.rightsinfo:eu-repo/semantics/openAccessen
dc.rights.licenseAttribution 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/*
dc.subjectCoronavirusen
dc.subjectCOVID-19 pandemicen
dc.subjectExport restrictionsen
dc.subjectTrade policyen
dc.subjectG20en
dc.subject.other[Trade, investment and international cooperation]en
dc.titleExport restrictions : a negative-sum policy response to the COVID-19 crisisen
dc.typeWorking Paperen
dspace.entity.typePublication
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person.identifier.other33967
person.identifier.other42484
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