Tag: UNCTAD

Global ‘Blue Deal’ urgently needed to protect, invest in the ocean: UNCTAD

UNITED NATIONS, May 09 (APP):The ocean can provide vast opportunities for developing countries to build more innovative and resilient economies, but climate change, pollution and overfishing threaten the livelihoods of some three billion people who rely on it for food and income, according to a new UN report. The UN Trade and Development body UNCTAD’s… Continue reading Global ‘Blue Deal’ urgently needed to protect, invest in the ocean: UNCTAD

Ports, shipping need to go green to resist future global crises: UNCTAD

UNITED NATIONS, Nov 30 (APP):The entire shipping industry must invest urgently in sustainability if it is to withstand future shocks and help prevent another global cost-of-living crisis linked to supply chain disruption, the UN trade and development agency said Tuesday. “Ships carry over 80 per cent of the goods traded globally, with the percentage even… Continue reading Ports, shipping need to go green to resist future global crises: UNCTAD

Global trade to increase 23% from 2020 levels – UNCTAD

UNITED NATIONS, Dec 01 (APP): Global trade will reach about $28-trillion this year – an increase of 23% on 2020 levels, after stabilizing in the second half of the year, according to the United Nations Conference on Trade and Development (UNCTAD) forecast. The UN trade agency notes, however, that the outlook for 2022 is “very… Continue reading Global trade to increase 23% from 2020 levels – UNCTAD

Investment vital component of economic growth: Hammad Azhar

ISLAMABAD, Oct 21 (APP): Federal Minister for Energy, Muhammad Hammad Azhar on Thursday said that investment was a vital component of economic growth and development, especially in developing countries. He said in a statement on behalf of the Prime Minister of Pakistan at the “World Leaders’ Investment Summit”, one of the high level events of… Continue reading Investment vital component of economic growth: Hammad Azhar

FM calls for reform of international financial, taxation architecture

Pakistan to continue support Kashmiris' in their struggle for right to self-determination: FM

He stated this in a video statement at the Ministerial meeting of the Group of 77 (G-77) on the eve of the 15th Quadrennial session of United Nations Conference on Trade and Development (UNCTAD) being hosted in a virtual format by Barbados. Sharing Pakistan’s perspective on the contemporary global development challenges, the Foreign Minister underscored… Continue reading FM calls for reform of international financial, taxation architecture

Global economy projected to show fastest growth in 50 years: UNCTAD

In its new report released on Wednesday, the agency said that the rebound was highly uneven along regional, sectoral and income lines, however. During 2022, UNCTAD expects global growth to slow to 3.6 per cent, leaving world income levels trailing some 3.7 per cent below the pre-pandemic trend line. The report also warns that growth… Continue reading Global economy projected to show fastest growth in 50 years: UNCTAD

Collapse of international tourism due to coronavirus “could cost $4 trillion”: UN report

UNITED NATIONS, Jun 30 (APP): The impact of the coronavirus pandemic on tourism could result in a more than $4 trillion loss to the global economy, UN trade and development body,UNCTAD, said Wednesday in a report issued jointly with the UN World Tourism Organization (UNWTO). The estimate is based on losses caused by the pandemic’s… Continue reading Collapse of international tourism due to coronavirus “could cost $4 trillion”: UN report

At UN, PM proposes equitable COVID-19 vaccine supply

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ISLAMABAD, Jan 25 (APP): Prime Minister Imran Khan Monday presented a five-point agenda to address the structural barriers in global prosperity, proposing equitable supply of COVID-19 vaccine to developing countries and suspension of debt repayments for most stressed countries until end of pandemic. The prime minister, in his keynote address at the fourth session of… Continue reading At UN, PM proposes equitable COVID-19 vaccine supply

New Asian trade bloc to play key role in driving investment : UNCTAD

UNITED NATIONS, Nov 16 (APP) :A new trade bloc covering a huge swathe of the Asia-Pacific region will play an important role in developing poorer economies and in post-pandemic stimulus, according to a report published Monday by the UN Conference on Trade and Development (UNCTAD). The Regional Comprehensive Economic Partnership agreement (RCEP) was signed on… Continue reading New Asian trade bloc to play key role in driving investment : UNCTAD

Global foreign direct investment halved amid coronavirus pandemic: UNCTAD

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UNITED NATIONS, Oct 27 (APP): Foreign direct investment (FDI), a bellwether of globalization and economic confidence, fell by 49 per cent to $399 billion in the first half of 2020, amid the upheaval caused by the coronavirus pandemic, a new report from the UN trade and development organization, UNCTAD, showed on Tuesday. FDI includes cross-border… Continue reading Global foreign direct investment halved amid coronavirus pandemic: UNCTAD

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