1. On June 14 (Geneva time), the WTO Secretariat circulated the Fifth WTO Monitoring Report, 
which reports on the trade and trade-related measures, general economic stimulus measures, and 
financial sector support measures of WTO members in the period from 1 November 2009 to May 
2010. For G20 members, the Secretariat also circulated the Third G20 Report drawn jointly by the 
OECD and UNCTAD Secretariats, which reports on the investment-related measures taken by G20 
members during the monitoring period.

 ※ At present, there are two types of monitoring reports under international organizations such as
    the WTO regarding the Standstill against protectionism
 ①『WTO Monitoring Report』: Independently-led monitoring by the WTO since January 2009. 
      All WTO members are monitored on “trade and trade-related measures.” Four reports have 
      been released to date (January, March, July, and November 2009)
 ②『G20 Monitoring Report』: Joint monitoring by the WTO, OECD and UNCTAD upon request
      at the G20 Summit. All countries participating in the G20 Summit are monitored on “trade
      and investment measures.” Two reports have been released to date (September 2009,
      March 2010)

2. The Reports assess that despite the effects of the global economic crisis on world economy, 
members have successfully refrained from implementing protectionist measures. But the Reports 
further warn that the standstill against protectionism must not be eased, since the pressures of 
protectionism may increase with the ongoing instabilities due to high unemployment and critical 
financial situations of developed countries. 

3. Thus, the Reports urge that until the Doha Development Agenda negotiations have been 
successfully concluded, members should continue to resist protectionism and roll-back the 
protectionist measures that have already been implemented.

ㅇ Moreover, the G20 Report advises G20 members to re-extend the commitment to resist
    protectionism, which will otherwise expire at the end of 2010

4. Meanwhile, according to the Reports, WTO members implemented 266 new trade-related 
measures during the monitoring period, including raising the tariff rate on imports, strengthening 
import licenses, and strengthening SPS regulations. Furthermore, G20 members implemented 90 
new investment-related measures and, although these cannot be considered as differentiating 
foreign investors, they are viewed as possibly limiting market competition. 

※ The new import-regulatory measures and products under investigation on trade regulations 
   take up only 0.4% of world trade

ㅇ With regard to Korea, 6 measures on trade (recent legislation “Framework Act on Low Carbon 
    and Green Growth”, termination on anti-dumping duties), 1 measure on economic stimulus 
    measure (Hidden Champion Program of the Export-Import Bank of Korea), 2 measures on 
    investment-related measures (restructuring fund of Korea Asset Management Corp (KAMCO)
    and shipping fund) have been implemented.

                    Spokesperson and Deputy Minister for Public Relations of MOFAT

*unofficial translation