THE ROLE OF THE WORLD TRADE ORGANIZATION (WTO) IN THE TRADE CRISIS DURING THE COVID-19 PANDEMIC AND THE IMPACT OF COVID-19 ON THE WORLD TRADE ORGANIZATION (WTO)

Abstract

Beginning with the Indonesian government's recognition of the GATT rules that have proven to have a major role in developing international trade since 1948 until now. Finally, on April 15, 1994, in Marrakesh, Morocco, the Government of Indonesia participated in signing the Agreement Establishing the World Trade Organization along with all the rules that have been agreed upon, which is manifested by ratification in Law No. 7 of 1994 concerning Ratification of the Agreement Establishing the World Trade Organization Globalisation, especially in the path of international trade, can have an impact on international markets which affect competitiveness and economic improvement. However, there are obstacles at the time of covid-19 which led to the ciris faced globally which also had an impact on Indonesia. The problem in this study is the role of the WTO in dealing with the impact of the global economic crisis that hit the world. This research uses doctrinal research. The result of this research is that the WTO issued a crisis management system by securing a series of trade initiatives called the Geneva Package, which the rules of the WTO actually have obstacles, including the lack of government commitment in improving the business world due to problems in development, coupled with the lack of readiness of human resources, both entrepreneurs, professionals, and government officials. For this reason, it is necessary to harmonise and synchronise laws and regulations, both national and international, while still prioritising national interests