Ms. Grynspan was speaking in the wake of growing UN concern at the effect on-going uncertainty could have on the most vulnerable developing economies. On Tuesday, the UN Secretary-General, António Guterres, stated that “trade wars are extremely negative,” and warned that the impact of tariffs could be “devastating.” Tariffs are a...
“There will be shifting, I think, in supply chains, there will be a reassessment of global alliances. There will be geopolitical shifts and economic as well,” said Pamela Coke-Hamilton, head of the International Trade Centre (ITC). Speaking in Geneva after Wednesday’s announcement by the White House of a 90-day pause...
Every month, the UN trade and development agency (UNCTAD) provides an update on what’s happening in the world of global trade. In March, the focus was on tariffs, and the report revealed that, whilst global trade reached a record $33 trillion last year, the outlook for 2025 remains uncertain, with...
Over 850,000 civilians have been displaced in South Kivu province, nearly half of them children, according to the agency. Many are living in precarious conditions, sheltering in schools, churches or in the open, lacking clean water and sanitation, healthcare and education. Grave violations against children have also sharply risen, including...
Backed by more than 140 nations and adopted without a vote, the resolution recognised that addressing the unlawful trade in such items is vital to preserve the identity and traditions of communities worldwide and enabling them to freely practice and safeguard priceless heritage. It also acknowledged the devastating impact of...
However, concerns loom for 2025, where the risks include escalating trade wars, geopolitical tensions and shifting policies, clouding the outlook. According to the UN trade and development body (UNCTAD)’s Global Trade Update, the projected figure for this year marks a $1 trillion increase over 2023, driven by robust 3.3 per...
The trainee police officers are part of a network of law enforcement specialists in Thailand, but also across the region, who are cooperating across borders to stem trafficking operations by international crime syndicates. They are collaborating under the border liaison office (BLO) network, supported by the UN Office on Drugs...
In this feature, part of a series exploring the fight against trafficking in the Sahel, UN News focuses on the illegal arms trade that is fuelling conflict and terrorism. In the Sahel, home to 300 million people, it’s a buyer’s market for guns. Insurgency and banditry plague the region, rooted...
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...
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...
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...
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...