Trade Archive

  • Geneva, 12 October 2015 (UNCTAD) – The World Trade Organization (WTO) and the United Nations Conference on Trade and Development (UNCTAD) have pledged to work together towards the integration of developing countries, especially the least-developed among them, into the world economy and the multilateral trading system. WTO Director-General Roberto Azevêdo, and UNCTAD Secretary-General Mukhisa Kituyi signed a joint declaration, as they marked the twentieth anniversary of the WTO at its headquarters in Geneva on 12 October. The agreement further strengthens the collaboration between the UNCTAD and WTO in key areas of their work, and builds on Memoranda of Understanding signed by the organizations in 2003 and 2013. UNCTAD and the WTO believe that trade should play a key role in supporting the implementation of the outcomes of the Third International Conference of Financing for Development, in the achievement of the global Sustainable Development Goals and, above all, in fostering inclusive […]

    WTO and UNCTAD commit to further help poor countries integrate into the global economy

    Geneva, 12 October 2015 (UNCTAD) – The World Trade Organization (WTO) and the United Nations Conference on Trade and Development (UNCTAD) have pledged to work together towards the integration of developing countries, especially the least-developed among them, into the world economy and the multilateral trading system. WTO Director-General Roberto Azevêdo, and UNCTAD Secretary-General Mukhisa Kituyi signed a joint declaration, as they marked the twentieth anniversary of the WTO at its headquarters in Geneva on 12 October. The agreement further strengthens the collaboration between the UNCTAD and WTO in key areas of their work, and builds on Memoranda of Understanding signed by the organizations in 2003 and 2013. UNCTAD and the WTO believe that trade should play a key role in supporting the implementation of the outcomes of the Third International Conference of Financing for Development, in the achievement of the global Sustainable Development Goals and, above all, in fostering inclusive […]

    Continue Reading...

  • This facility will help address critical market demand for trade finance in Africa TUNIS, Tunisia, May 23, 2013/ — The Board of Directors of the African Development Bank (AfDB) (http://www.afdb.org) approved on Tuesday, May 22, a USD 100 million unfunded Risk Participation Agreement (RPA) between the AfDB and Commerzbank AG under which the two banks will share the default risk on a portfolio of qualifying trade transactions originated by issuing banks in Africa and confirmed by Commerzbank AG. This facility will help address critical market demand for trade finance in Africa by providing support for trade in vital economic sectors such as agribusiness and manufacturing. It will foster financial sector development, regional integration, and increase government revenue generation ultimately improving Africa’s sustainable economic growth. The majority of African banks have small capital bases which constrain their ability to obtain adequate trade limits from international confirming banks and to undertake sizeable […]

    AfDB Approves a USD 100 million Risk Participation Agreement with Commerzbank AG to Boost Trade Finance in Africa

    This facility will help address critical market demand for trade finance in Africa TUNIS, Tunisia, May 23, 2013/ — The Board of Directors of the African Development Bank (AfDB) (http://www.afdb.org) approved on Tuesday, May 22, a USD 100 million unfunded Risk Participation Agreement (RPA) between the AfDB and Commerzbank AG under which the two banks will share the default risk on a portfolio of qualifying trade transactions originated by issuing banks in Africa and confirmed by Commerzbank AG. This facility will help address critical market demand for trade finance in Africa by providing support for trade in vital economic sectors such as agribusiness and manufacturing. It will foster financial sector development, regional integration, and increase government revenue generation ultimately improving Africa’s sustainable economic growth. The majority of African banks have small capital bases which constrain their ability to obtain adequate trade limits from international confirming banks and to undertake sizeable […]

    Continue Reading...

  • The Global Trade Logistics Advisory program of the World Bank Groups’ Investment Climate Department (IC) has been dedicated to assisting countries in creating simple, efficient and accountable trade logistics systems and services that have a dramatic impact on economic development. The team has produced a video that highlights client success stories from Colombia, Liberia and Rwanda. The countries’ reform experiences serve as testimony to the joint effort involved in improving regulations, policies and streamlining the trade transactions process so as to create an environment that is conducive to trade and business growth.

    Global Trade Logistics Advisory program of the World Bank

    The Global Trade Logistics Advisory program of the World Bank Groups’ Investment Climate Department (IC) has been dedicated to assisting countries in creating simple, efficient and accountable trade logistics systems and services that have a dramatic impact on economic development. The team has produced a video that highlights client success stories from Colombia, Liberia and Rwanda. The countries’ reform experiences serve as testimony to the joint effort involved in improving regulations, policies and streamlining the trade transactions process so as to create an environment that is conducive to trade and business growth.

    Continue Reading...

  • Aid for Trade to Africa surpasses other regions, says ECA-led study ECA Press Release No. 90/2011 Web: http://www.uneca.org/ Addis Ababa, 21 June 2011 (ECA) – African trade experts from member State capitals and the Geneva-based African trade negotiators assembled on Tuesday in Geneva for a roundtable organized by the United Nations Economic Commission for Africa (ECA) in preparation for the 18-19 July, 3rd Global Aid for Trade (AfT) review. The aim of the Review will be to assess the impact of AfT on economic growth, trade creation and poverty reduction. According to the Information and Communication Service of the ECA, the day’s roundtable discussed a collaborative study prepared under the auspices of the African AfT Working Group. The Working Group comprised the African Development Bank, the ECA and the World Trade Organization (WTO). Speaking at the meeting, Stephen Karingi, Acting Director of the ECA Regional Integration and Trade Division said, […]

    Aid for Trade to Africa surpasses other regions, says ECA-led study

    Aid for Trade to Africa surpasses other regions, says ECA-led study ECA Press Release No. 90/2011 Web: http://www.uneca.org/ Addis Ababa, 21 June 2011 (ECA) – African trade experts from member State capitals and the Geneva-based African trade negotiators assembled on Tuesday in Geneva for a roundtable organized by the United Nations Economic Commission for Africa (ECA) in preparation for the 18-19 July, 3rd Global Aid for Trade (AfT) review. The aim of the Review will be to assess the impact of AfT on economic growth, trade creation and poverty reduction. According to the Information and Communication Service of the ECA, the day’s roundtable discussed a collaborative study prepared under the auspices of the African AfT Working Group. The Working Group comprised the African Development Bank, the ECA and the World Trade Organization (WTO). Speaking at the meeting, Stephen Karingi, Acting Director of the ECA Regional Integration and Trade Division said, […]

    Continue Reading...

  • To catch up and, more important, to meet its own development objectives, Africa needs to promote rapid industrialization that will promote innovation, technological adoption, entrepreneurship, high value added and employment-generating manufacturing. This will enable the continent to overcome the low contribution of industry and manufacturing to GDP and employment. The formulation and implementation of industrial policy will enable African governments to target particular activities or sectors for support. Each country will have to identify niche industries where it has competitive advantages or the capability to develop dynamic advantages. This in turn will contribute to Africa’s industrial development. However, unlike most countries in post-independence Africa, which thwarted the emergence of a capitalist class, the 21st century African developmental state has to vigorously attempt to build an indigenous capitalist class. Also, unlike the experiences of the 20th century developmental States elsewhere, industrialization in Africa in the 21st century will have to be […]

    Governing Development in Africa – Economic Report on Africa 2011 – Focused industrial policy

    To catch up and, more important, to meet its own development objectives, Africa needs to promote rapid industrialization that will promote innovation, technological adoption, entrepreneurship, high value added and employment-generating manufacturing. This will enable the continent to overcome the low contribution of industry and manufacturing to GDP and employment. The formulation and implementation of industrial policy will enable African governments to target particular activities or sectors for support. Each country will have to identify niche industries where it has competitive advantages or the capability to develop dynamic advantages. This in turn will contribute to Africa’s industrial development. However, unlike most countries in post-independence Africa, which thwarted the emergence of a capitalist class, the 21st century African developmental state has to vigorously attempt to build an indigenous capitalist class. Also, unlike the experiences of the 20th century developmental States elsewhere, industrialization in Africa in the 21st century will have to be […]

    Continue Reading...

  • Following faster than expected recovery in global trade flows so far in 2010, WTO economists have revised their projection for world trade growth in 2010 upwards to 13.5 per cent. The WTO’s March forecast was a 10 per cent expansion in trade volumes. This would be the fastest year-on-year expansion of trade ever recorded in a data series going back to 1950. But such a large growth rate should be understood in the context of a severely depressed level of trade in 2009, when world exports plunged by 12.2 per cent. http://www.wto.org/english/news_e/pres10_e/pr616_e.htm

    WTO: Trade likely to grow by 13.5 per cent in 2010

    Following faster than expected recovery in global trade flows so far in 2010, WTO economists have revised their projection for world trade growth in 2010 upwards to 13.5 per cent. The WTO’s March forecast was a 10 per cent expansion in trade volumes. This would be the fastest year-on-year expansion of trade ever recorded in a data series going back to 1950. But such a large growth rate should be understood in the context of a severely depressed level of trade in 2009, when world exports plunged by 12.2 per cent. http://www.wto.org/english/news_e/pres10_e/pr616_e.htm

    Continue Reading...

  • The European Commission has published a new document on Aid for Trade. This publication provides a clearer picture of this development assistance strategy. It examines the broad scope of Aid for Trade, explains the key types of Aid for Trade under the themes of ‘‘narrow” Aid for Trade (Trade Related Assistance) and ‘‘Wider” Aid for Trade, emphasizes EU’s strong commitment to Aid for Trade agenda and provides information on EU’s Aid for Trade activities in Africa. http://europafrica.files.wordpress.com/2009/04/memo-09-150_en.pdf

    New information on Aid for Trade from the EC

    The European Commission has published a new document on Aid for Trade. This publication provides a clearer picture of this development assistance strategy. It examines the broad scope of Aid for Trade, explains the key types of Aid for Trade under the themes of ‘‘narrow” Aid for Trade (Trade Related Assistance) and ‘‘Wider” Aid for Trade, emphasizes EU’s strong commitment to Aid for Trade agenda and provides information on EU’s Aid for Trade activities in Africa. http://europafrica.files.wordpress.com/2009/04/memo-09-150_en.pdf

    Continue Reading...

  • The European Commission has presented to the European Parliament its regular report on the openness of the European market to imports from developing countries. The report sets out how the EU has continued in 2007 to use its trade policy to advance a pro-development agenda and analyses the relevant data for which the most recent available is for the period up to the end of 2006. The report shows that the EU continues to offer market access for developing country exports that is unmatched by any other major economy. EU imports from developing countries rose 16% in 2006 from 2005 and by 14% if imports from China are excluded. According to the WTO, overall global merchandise trade grew by around 8% over the same period. The report also assesses EU measures to help developing countries integrate further into the global economy by developing their capacity to trade. The EU’s Aid […]

    Report shows EU imports from developing countries growing

    The European Commission has presented to the European Parliament its regular report on the openness of the European market to imports from developing countries. The report sets out how the EU has continued in 2007 to use its trade policy to advance a pro-development agenda and analyses the relevant data for which the most recent available is for the period up to the end of 2006. The report shows that the EU continues to offer market access for developing country exports that is unmatched by any other major economy. EU imports from developing countries rose 16% in 2006 from 2005 and by 14% if imports from China are excluded. According to the WTO, overall global merchandise trade grew by around 8% over the same period. The report also assesses EU measures to help developing countries integrate further into the global economy by developing their capacity to trade. The EU’s Aid […]

    Continue Reading...

  • ”Trade liberalization and sustainable development are not unavoidably incompatible. Trade liberalization can advance sustainable development goals, just as it can retard their achievement. The same can be said for foreign direct investment. Appropriate investment can spur sustainable development, but much investment in developing countries has been environmentally, socially and often economically questionable.” (IISD Statement on Trade and SD). Please share your comments about this statement at http://tinyurl.com/2pvlhv You will need to be logged-in at dgCommunities to contribute.

    Discussion Forum: Which factors are necessary to the achievement of a positive relationship between Trade and Sustainable Development?

    ”Trade liberalization and sustainable development are not unavoidably incompatible. Trade liberalization can advance sustainable development goals, just as it can retard their achievement. The same can be said for foreign direct investment. Appropriate investment can spur sustainable development, but much investment in developing countries has been environmentally, socially and often economically questionable.” (IISD Statement on Trade and SD). Please share your comments about this statement at http://tinyurl.com/2pvlhv You will need to be logged-in at dgCommunities to contribute.

    Continue Reading...

  • Which factors are necessary to the achievement of a positive relationship between Trade and Sustainable Development? ”Trade liberalization and sustainable development are not unavoidably incompatible. Trade liberalization can advance sustainable development goals, just as it can retard their achievement. The same can be said for foreign direct investment. Appropriate investment can spur sustainable development, but much investment in developing countries has been environmentally, socially and often economically questionable.” (IISD Statement on Trade and SD). You will need to be logged-in to the Development Gateway to contribute. http://tinyurl.com/2pvlhv

    DISCUSSION FORUM on Trade and Sustainable Development

    Which factors are necessary to the achievement of a positive relationship between Trade and Sustainable Development? ”Trade liberalization and sustainable development are not unavoidably incompatible. Trade liberalization can advance sustainable development goals, just as it can retard their achievement. The same can be said for foreign direct investment. Appropriate investment can spur sustainable development, but much investment in developing countries has been environmentally, socially and often economically questionable.” (IISD Statement on Trade and SD). You will need to be logged-in to the Development Gateway to contribute. http://tinyurl.com/2pvlhv

    Continue Reading...

  • At a time when the pace of the EPA negotiations has increased in all regions, and the state of play is ever changing, accessing the latest information available on these wide-ranging agreements is of essence. Pursuing its efforts to increase the transparency of the highly sensitive EPA negotiations, ECDPM has decided to set up dedicated pages for each ACP region negotiating an EPA with the EU at www.acp-eu-trade.org/epa and www.ecdpm.org/epa. These pages will be updated on a weekly basis and aim at providing news “as-it-happens”, drawing from various reliable sources of information. French versions of these webpages are available for the regions Central Africa, West Africa and Eastern and Southern Africa (ESA) as well as for the All ACP level. Oxfam International on EPAs in 2008 According to the NGO, these agreements demand ACP countries to liberalise their EU imports as broadly and as rapidly as possible and rule out […]

    Economic Partnership Agreements Negotiations: Where do we stand?

    At a time when the pace of the EPA negotiations has increased in all regions, and the state of play is ever changing, accessing the latest information available on these wide-ranging agreements is of essence. Pursuing its efforts to increase the transparency of the highly sensitive EPA negotiations, ECDPM has decided to set up dedicated pages for each ACP region negotiating an EPA with the EU at www.acp-eu-trade.org/epa and www.ecdpm.org/epa. These pages will be updated on a weekly basis and aim at providing news “as-it-happens”, drawing from various reliable sources of information. French versions of these webpages are available for the regions Central Africa, West Africa and Eastern and Southern Africa (ESA) as well as for the All ACP level. Oxfam International on EPAs in 2008 According to the NGO, these agreements demand ACP countries to liberalise their EU imports as broadly and as rapidly as possible and rule out […]

    Continue Reading...

  • According to WESP 2008, the world economy is facing serious challenges in sustaining the strong pace of economic growth seen over the past few years. While the baseline forecast is for world economic growth to moderate somewhat in 2008, the risks associated with the bursting of the housing bubble in the United States, the related unfolding credit crisis, the decline of the dollar, large global imbalances and high oil prices are all pointing to the downside. The report draws some lessons from the global financial turmoil of 2007, which was triggered by the meltdown of sub-prime mortgages in the United States, and points out that the various measures adopted by central banks of the major economies did not address the root causes of the turmoil: the huge global imbalances. In an alternative scenario, which takes into account the possibility of a sharper-than-expected decline in house prices in the United States […]

    World Economic Situation and Prospects 2008 (WESP 2008)

    According to WESP 2008, the world economy is facing serious challenges in sustaining the strong pace of economic growth seen over the past few years. While the baseline forecast is for world economic growth to moderate somewhat in 2008, the risks associated with the bursting of the housing bubble in the United States, the related unfolding credit crisis, the decline of the dollar, large global imbalances and high oil prices are all pointing to the downside. The report draws some lessons from the global financial turmoil of 2007, which was triggered by the meltdown of sub-prime mortgages in the United States, and points out that the various measures adopted by central banks of the major economies did not address the root causes of the turmoil: the huge global imbalances. In an alternative scenario, which takes into account the possibility of a sharper-than-expected decline in house prices in the United States […]

    Continue Reading...