Impact of COVID-19 on International Trade

Abstract

All the countries are facing serious problems affecting their economic growth. In 2020, many countries faced negative GDP per capita growth due to the coronavirus pandemic. Therefore, this chapter investigates how coronavirus (COVID-19) affected international trade (IT) and how this changed over time. Secondly, the authors analyzed how international trade collapsed. Thirdly, the chapter highlights the negative effects of COVID-19 on international trade including economic sectors. Furthermore, it discussed the opportunities and forthcoming policies and what kinds of actions have been taken by the government bodies.