CLEAN : WTO says goods trade surging past pre-pandemic level (2)

The transcript discusses the upcoming 12th Ministerial Conference and emphasizes the need for member states to collaborate on a strong WTO response to the COVID-19 pandemic. It highlights the significant impact of the pandemic on global trade, with a 5.3% shrinkage in merchandise trade volume in 2020. The text also addresses the issue of vaccine inequity, which is worsening economic disparities and could lead to more dangerous COVID-19 variants. The speaker stresses that vaccine policy is integral to economic and trade policy, advocating for rapid vaccine production and equitable distribution to sustain global economic recovery.

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