EXCLUSIVE-WTO report to show protectionism under control

* WTO regular monitoring to show no rise in protectionism

* OECD, UNCTAD to produce trade, investment reports for G20

By Jonathan Lynn

GENEVA, June 8 (Reuters) - Protectionism is still a risk as unemployment remains high in many countries despite the recovery but it has so far not caused the serious damage that some feared, a World Trade Organization report will argue next week.

WTO Director-General Pascal Lamy has been reporting since early 2009 on trade measures by the WTO's 153 members to monitor whether the financial crisis was leading to tit-for-tat steps of the kind that caused the 1930s Great Depression.

The latest report, due to be published on Monday or Tuesday next week, will show that WTO members have taken fewer trade measures in the last six months than in the previous period affecting a smaller share of world trade.

"The basic story is that this is all under control," said one trade expert.

The report will reinforce the conclusions of previous documents that the global trading system -- and its rules umpired by the WTO -- has so far held up relatively well to the stresses of the crisis.