OVERVIEW OF DEVELOPMENTS IN THE

                                       INTERNATIONAL TRADING ENVIRONMENT

MINUTES OF THE MEETING

6 December 2022

Chairperson: H.E. Mr Ángel Villalobos Rodríguez (Mexico)

Corrigendum^[1]

In page 4, paragraph 40 should read as follows:

40. In the same vein, on supply chain security, the Report highlights correctly that there is an increase in export‑restrictive measures; but what the Report does not highlight is that the WTO is much weaker in addressing export-restrictive measures than in addressing import‑restrictive measures, and again if you are thinking about a policy message, that would be an appropriate policy message which I think could have been conveyed in this Report. If we are, in the next 20 to 30 years, going to become much more dependent on the sourcing of critical raw materials across the world, then additional disciplines on export restrictions would be appropriate and WTO rules are not well developed in that field, compared to import rules.