Export Restrictions and COVID-19
Abstract
Several countries have imposed export restrictions (ERs) as remedial measures to assuage the economic repercussions of COVID-19. Within six months, 108 countries-including the world's largest exporters such as the USA, China, and Great Britain-had imposed ERs. Asian countries particularly China's neighboring countries such as India, Kazakhstan, and Russia (Figure 1) have imposed strict measures to overcome the adverse effects of the pandemic on the economy. The world has suddenly moved from free trade to a form of consensual protectionism. Thus, from January 2020 to June 2020, nearly 43% of the 205 ERs imposed in response to COVID-19 had been enforced by Asian countries. 21% of the total COVID-19 patients worldwide hail from
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