The World Tourism Organization (UNWTO), the World Trade Organization (WTO), the World Travel & Tourism Council (WTTC), and the International Trade Centre (ITC) have issued the joint communication “Tourism, Trade and the WTO” affirming the importance of enhanced global cooperation on trade & tourism, and encouraging greater participation of the tourism sector in trade policy.
According to news from Interfax, the market for visa services in Russia fell by some 37% in 2015, year on year. With the savage effects of sanctions and the interjection of stricter biometrics regulations for Schengen countries, a domino effect of negative economic volatility has ensued. The telltale fallout of economic warfare sinks in, as EU sanctions become touristic radioactive.
Romania is to team up with the World Tourism Organization (WTO) in order to boost its travel credentials, staging a unique International Conference on Balneary and Health Care Tourism in the country.