ABDULLAH, ESNAIRA A. Mngt.

223n

March 16, 2020 MWF/2:00-3:00

"How COVID-19 affects International Trade"

The rooted-place where the COVID-19 has been started was in the Wuhan- somewhere in China. The
said COVID-19 was continuously spreading around the world. While the said decease were spreading
around the world, the whole world suffering in many things. COVID-19 is one of the reasons today why
the global economy facing difficulties when it comes to trading. The whole world having their own
difficulties in accessing resources from any foreign countries. The whole world facing the consequences
of COVID-19 in importing and exporting resources which will lead to negative impact to their economy.
Example of this were COVID-19 having direct impact is in the China; China was having effect of imports
and affects the export economy around the world. It can be seen in the immediate impact on the oil,
LNG, agricultural goods and metals where the demand from China, which is the largest net importer of
crude oil, were getting lower due to continuous spread of the said decease.

While the authorities were trying to find a solution for the said decease, the virus were spreading faster
and the infected members in the community were affecting many people in the whole world. When the
news reporting about the dangerous and faster effect of these, many people were alarmed about it.
They are getting pressure about the situation and many people got panic about it. Many people got
panic because they thought worse about the situation, that's why they make panic-buying. Due to the
transmission methods recorded thus far, and the relatively low environmental stability of Coronaviruses,
it is unlikely that imported goods such as imported foods or consumer goods and toys, tools, computers,
clothes or shoes may be sources of an infection with the new type of Coronavirus, according to the
current state of knowledge. If these will be continue to happen for a long period of time, this will create
a big impact and consequences to the global economy specially when it comes to trade of businesses or
resources internationally. Furthermore, if it will continue to happen, these will lead to the shutdown or
lockdown of different countries just to protect the health of the economy.

To avoid from worse effect of COVID-19, we just need to follow the implemented rules and policies of
the authorities because what they're implementing was just for our good. We must aware and updated
always about what were happening in our environment. Don't panic because it will just worsen the
situation. Thus, we should be responsible for our own good and actions because there no one who can
help you to get away from this but only yourself.