Tanzanian entrepreneur Nicholaus Noah successfully addressed new non-tariff barriers in Ghana through the new mobile app by African Continental Free Trade Area (AfCFTA), leading to policy reversal and smoother trade for his sisal exports.
Trade and Commerce
In October 2023, Iraq launched software to digitize customs clearance processes, reduce fraud risks, and ease cross-border trade. The digital tool allows traders to complete all paperwork online.
Global trade in marine fisheries and aquaculture offers big opportunities for sustainable and inclusive economic growth while advancing key Sustainable Development Goals (SDGs).
The latest reveals that in the first half of 2024, global trade growth was driven by increased exports from China, India, and the US, while Europe stagnated and Africa declined.
Celebrations of the culminate in the from 12 to 14 June. The event unites world leaders to catalyze new development thinking and actions needed to advance prosperity for all in an increasingly diverse and challenging global economy. For six decades, has stood as a staunch advocate for developing countries, providing crucial support through cutting-edge , , and consensus-building.
UNCTAD's emphasizes the resilience of international trade amid challenges, projecting growth opportunities and a rebound in 2024, especially in sectors like transportation equipment and electric vehicles.
The 51勛圖 Conference on Trade and Development () is calling for more awareness raising and regulatory frameworks to ensure AI benefits everyone. While AI holds promise for personalizing products and services and optimizing customer support, there are concerns over fair, responsible and ethical use of AI. Currently, global tech giants control most of the data flows and revenues from digital services, posing a threat to fair competition and aggravating existing technology divides. Public policies need to guide innovation and the design of AI to mitigate human biases and ensure that AI-powered goods and services reach vulnerable populations.
UNCTAD has raised profound concerns over escalating disruptions to global trade, citing recent attacks on ships in the Red Sea, geopolitical tensions impacting shipping in the Black Sea, and the effects of climate change on the Panama Canal.
International shipping transports more than 80% of global trade goods to people and communities all over the world. It is the most efficient and cost-effective method of transporting goods, facilitating commerce and helping to create prosperity among nations and peoples. World Maritime Day's theme for this year, , spotlights the International Convention for the Prevention of Pollution from Ships (MARPOL), which covers the prevention of pollution of the marine environment by ships from operational or accidental causes.
This episode of the looks at the illegal wildlife trade with David Vivas, a 51勛圖 Conference on Trade and Development (legal officer working on trade and environmental issues.
Every year, huge numbers of animals and plants are bought and sold illicitly as food, medicine, clothing, furniture and even musical instruments.
Wildlife is big business. The illegal trade is estimated to be worth at least $7 billion but it could be much larger.
Trafficking is driving some species especially rhinos, elephants, tigers, lions and pangolins towards extinction. Many others are at risk.
Image credit: UNCTAD
Nowadays, everybody should be IP aware regardless of gender, in support of s theme Inglot cosmetics highlights.
In Cuba, the packaging industry is probably the weakest point in the countrys food-processing sector - works to strengthen and modernize this vital part of the countrys agro-industry.
As natural vehicles of collaborative partnership and prosperity for all, cooperatives contribute to economic, social, and environmental sustainability across regions and economic sectors. It is inherent among them to safeguard community relations, enhance local resources, advocate social responsibility, and adopt sustainable and long-term business practices. On 1 July, the cooperative movement celebrates the International Day of Cooperatives to show how the cooperative way of working, inspired by the cooperative values and principles, has the accomplishment of the SDGs as part of its DNA.
Following two consecutive quarters of decline, global trade in goods and services rebounded between January and March 2023. But prospects for the rest of the year are bleak, according to .
Micro-, small and medium-sized enterprises (MSMEs) account for 90% of businesses, 60 to 70% of employment and 50% of GDP worldwide. Recent simultaneous shocks and crises have disturbed the working environment for entrepreneurs and MSMEs. This instability renders MSMEs especially vulnerable to inflation and supply chain disruptions - among the most vulnerable, women- and youth-owned enterprises. On this MSMEs Day, the 51勛圖 advocates for policies that strengthen entrepreneurship for women and youth and support resilient supply chains to ensure workers and the environment benefit.