trade Archives - Page 2 of 2

African free trade area could spur sustainable growth: UN chief

·May 25, 2023·2 min read

Mr. Guterres was speaking on the final day of the annual Africa Dialogue Series in New York, where the focus this year was on accelerating implementation of the African Continental Free Trade Area (AfCFTA) – set to be the largest in the world. Harness the potential He said the pandemic...

Amid recent slowdown in global trade, ‘green goods’ are the winning ticket

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·March 24, 2023·1 min read

According to UNCTAD’s latest Global Trade Update, trade in “green goods”, which use fewer resources and pollute less, grew by four per cent in the second half of the year, reaching a record $1.9 trillion in 2022. “This is good news for the planet, as these goods are key to...

Global trade growth turns negative after record year: UNCTAD

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·December 14, 2022·2 min read

That’s according to UN trade and development agency, UNCTAD, whose analysts said that global growth “turned negative” during the second half of 2022. The UN agency said that trade in goods and services is expected to reach $25 trillion and $7 trillion respectively, by the end of the year. The...

UN trade body calls for halting cryptocurrency rise in developing countries |

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·August 10, 2022·2 min read

Although private digital currencies have rewarded some individuals and institutions, they are an unstable financial asset that can bring social risks and costs, the agency warned. UNCTAD said their benefits to some are overshadowed by the threats they pose to financial stability, domestic resource mobilization, and the security of monetary...