Hang tight while we fetch the video data and transcripts. This only takes a moment.
Connecting to YouTube player…
Fetching transcript data…
We’ll display the transcript, summary, and all view options as soon as everything loads.
Next steps
Loading transcript tools…
COVID-19 and world trade | World Trade Organization | YouTubeToText
YouTube Transcript: COVID-19 and world trade
Skip watching entire videos - get the full transcript, search for keywords, and copy with one click.
Share:
Video Transcript
hello I'm hobby after severe the
director-general of the World Trade Organization
Organization
Kofi at 19 this new coronavirus
threatens lives of millions of people
around the world it also endangers their
livelihoods we're of course facing above
all a health crisis this pandemic will
inevitably have an enormous impact on
the economy on trade and consequently on
jobs and people's well-being as you can
tell I'm working from home just like
nearly everyone at the WTO but we're not
idle well working more than ever doing
our part to define an immediate global
response on trade matters a task force
under our economists Bob Koopman has
been formed to coordinate these efforts
and to work collaboratively with other
international organizations and WTO
members recent projections predict an
economic downturn and job losses that
are worse than those of the global
financial crisis a dozen years ago in a
few weeks the WTO will release our
regular trade forecasts and our
economists are still crunching the
numbers but they foresee a very sharp
decline in trade
there are however important steps we can
already take to limit the immediate
economic damage and to lay the
foundations for a long-term recovery a
strong and sustainable one governments
are introducing fiscal and monetary
stimulus and this is positive
coordinating efforts would increase our
collective recession fighting power
transparency and information sharing is
also a critical part of crisis response
at the WTO we have set up a dedicated
web page containing trade related
information linked to the pandemic and
there you will find information
including news and projections for
trading goods and services members
notifications of covet related trade
measures and also updates on WTO
activities this pandemic is a global
challenge so we need a global response
tre has an important role here so there
is this last message that I want to
leave with you no country is
self-sufficient no matter how powerful
or advanced it may be trade is what
allows for the efficient production and
supply of basic goods and services
medical supplies and equipment food and
energy that we all need
keeping trade open and investments
flowing will be critical to keep shelves
plentiful and prices affordable and once
the medical crisis begins to recede
trade will allow countries to help each
other bringing faster and stronger
economic recovery for us all of course
you must care for those that are close
to us for our communities but human
solidarity and international cooperation
must never be an afterthought history
will never forget or forgive if we fail
to support those that need it most
wherever they are the WTO will do its
part thank you for listening and take care
Click on any text or timestamp to jump to that moment in the video
Share:
Most transcripts ready in under 5 seconds
One-Click Copy125+ LanguagesSearch ContentJump to Timestamps
Paste YouTube URL
Enter any YouTube video link to get the full transcript
Transcript Extraction Form
Most transcripts ready in under 5 seconds
Get Our Chrome Extension
Get transcripts instantly without leaving YouTube. Install our Chrome extension for one-click access to any video's transcript directly on the watch page.
Chrome Extension