The coronavirus pandemic has forced a “fundamental shift” in global trade policies as governments increasingly focus on supply-chain resilience and securing access to next-generation technology, according to South Korea’s trade minister.
Yeo Han-koo told the Financial Times that the traditional attention to market access and supply-chain efficiency had been found wanting.
“The scope of trade policy that we had before the pandemic — basically just market opening in trade in goods and services, rules of origin and so on — that is not the trade policy that we are witnessing in this new era,” said Yeo.
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