Role of the WTO in Regulating World Trade in Medicinal Products and Equipment during the COVID-19 Pandemic
Peculiarities of international trade in medicinal products and equipment during the COVID-19 pandemic are considered. The purpose of the article is theoretical and methodological substantiation of the role of the WTO agreements within international trade in medicinal products and equipment during...
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| Format: | Article |
| Language: | English |
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Kharkiv National University of Internal Affairs
2020-02-01
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| Series: | Law and Safety |
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| Online Access: | http://pb.univd.edu.ua/index.php/PB/article/view/336 |
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| author | V. I. Teremetskyi Y. V. Duliba |
| author_facet | V. I. Teremetskyi Y. V. Duliba |
| author_sort | V. I. Teremetskyi |
| collection | DOAJ |
| description | Peculiarities of international trade in medicinal products and equipment during the COVID-19 pandemic are considered.
The purpose of the article is theoretical and methodological substantiation of the role of the WTO agreements within international trade in medicinal products and equipment during the COVID-19 pandemic, development of important priorities of international trade policy in this area.
The methodological basis of the article is a set of general and special research methods. In particular, the shortcomings of international trade in medicinal products and equipment in 2020 were identified by using the logical and semantic method.
The export of medical equipment and devices in 2020 is analyzed and the main problems that exist in this area are outlined. The WTO agreements regulating international trade in medicinal products and equipment are analyzed.
It is stated that the WTO is an effective regulator of international trade and should take all measures to further provision of stable functioning of the system of international trade relations, liberalization of international trade, ensuring transparency of trade procedures and the abolition of trade restrictions.
It is concluded that the COVID-19 pandemic stressed the strengthening of cooperation and efforts to reduce barriers to international trade. Global integration of all activities and international cooperation are important to overcome the impact of the COVID-19 virus on the health and economic.
It is emphasized that aspects of the settlement of trade disputes related to the export of medical equipment and devices during the COVID-19 pandemic can be considered as a perspective area of further research. |
| format | Article |
| id | doaj-art-0f2e4d3b934040169b7c9dfd062b6d0c |
| institution | Kabale University |
| issn | 1727-1584 2617-2933 |
| language | English |
| publishDate | 2020-02-01 |
| publisher | Kharkiv National University of Internal Affairs |
| record_format | Article |
| series | Law and Safety |
| spelling | doaj-art-0f2e4d3b934040169b7c9dfd062b6d0c2025-02-02T03:31:42ZengKharkiv National University of Internal AffairsLaw and Safety1727-15842617-29332020-02-0176114615210.32631/pb.2020.1.21336Role of the WTO in Regulating World Trade in Medicinal Products and Equipment during the COVID-19 PandemicV. I. Teremetskyi0Y. V. Duliba1Ternopil National Economic UniversityPrivate Institution of Higher Education “International University of Economics and Humanities named after Academician Stepan Demianchuk”Peculiarities of international trade in medicinal products and equipment during the COVID-19 pandemic are considered. The purpose of the article is theoretical and methodological substantiation of the role of the WTO agreements within international trade in medicinal products and equipment during the COVID-19 pandemic, development of important priorities of international trade policy in this area. The methodological basis of the article is a set of general and special research methods. In particular, the shortcomings of international trade in medicinal products and equipment in 2020 were identified by using the logical and semantic method. The export of medical equipment and devices in 2020 is analyzed and the main problems that exist in this area are outlined. The WTO agreements regulating international trade in medicinal products and equipment are analyzed. It is stated that the WTO is an effective regulator of international trade and should take all measures to further provision of stable functioning of the system of international trade relations, liberalization of international trade, ensuring transparency of trade procedures and the abolition of trade restrictions. It is concluded that the COVID-19 pandemic stressed the strengthening of cooperation and efforts to reduce barriers to international trade. Global integration of all activities and international cooperation are important to overcome the impact of the COVID-19 virus on the health and economic. It is emphasized that aspects of the settlement of trade disputes related to the export of medical equipment and devices during the COVID-19 pandemic can be considered as a perspective area of further research.http://pb.univd.edu.ua/index.php/PB/article/view/336medical equipment and devicesinternational lawinternational tradeexportwto agreementswto |
| spellingShingle | V. I. Teremetskyi Y. V. Duliba Role of the WTO in Regulating World Trade in Medicinal Products and Equipment during the COVID-19 Pandemic Law and Safety medical equipment and devices international law international trade export wto agreements wto |
| title | Role of the WTO in Regulating World Trade in Medicinal Products and Equipment during the COVID-19 Pandemic |
| title_full | Role of the WTO in Regulating World Trade in Medicinal Products and Equipment during the COVID-19 Pandemic |
| title_fullStr | Role of the WTO in Regulating World Trade in Medicinal Products and Equipment during the COVID-19 Pandemic |
| title_full_unstemmed | Role of the WTO in Regulating World Trade in Medicinal Products and Equipment during the COVID-19 Pandemic |
| title_short | Role of the WTO in Regulating World Trade in Medicinal Products and Equipment during the COVID-19 Pandemic |
| title_sort | role of the wto in regulating world trade in medicinal products and equipment during the covid 19 pandemic |
| topic | medical equipment and devices international law international trade export wto agreements wto |
| url | http://pb.univd.edu.ua/index.php/PB/article/view/336 |
| work_keys_str_mv | AT viteremetskyi roleofthewtoinregulatingworldtradeinmedicinalproductsandequipmentduringthecovid19pandemic AT yvduliba roleofthewtoinregulatingworldtradeinmedicinalproductsandequipmentduringthecovid19pandemic |