trade

UN accord aims to cut technical trade barriers for developing countries

Developing countries are set to benefit from a United Nations-backed partnership announced today that seeks to establish a coherent system of measurements throughout the world to minimize technical barriers to trade which are still a major obstacle to exports.

UN meeting discusses how to help poorest countries boost their trade

Trade and industry ministers from the world's poorest nations are meeting today in Cambodia for a United Nations gathering aimed at helping those countries better integrate their economies into the global trading system.

Rwanda accedes to UN convention on commercial arbitration

The small African Great Lakes nation of Rwanda has become the latest country to accede to a 50-year-old United Nations convention on commercial arbitration, the UN Commission on International Trade Law (UNCITRAL) announced today.

Collapse of Doha round of global trade talks disappointing, says Ban

Secretary-General Ban Ki-moon today voiced disappointment at the collapse of the Doha round of trade liberalization negotiations, expressing concern over the effect of the breakdown of the talks on developing nations.

Compromise needed to reach global trade deal – World Trade Organization chief

Countries must concentrate on compromise if they are to strike a global agreement to complete the current, much-delayed Doha round of trade liberalization negotiations by the end of this year, despite recent “constructive” talks, the head of the World Trade Organization (WTO) said today.

Prosperity and stability boosted by trade and globalization, says WTO

Trade and globalization have had the double effect of enhancing prosperity for hundreds of millions of people and stepping up stability among nations, according to a new report by the World Trade Organization (WTO).

UN trade law group welcomes Australian move on insolvency

The United Nations Commission on International Trade Law (UNCITRAL) today welcomed Australia’s adoption of legislation – based on the Commission’s model – on cross-border insolvency.

Poorest countries have yet to benefit from trade liberalization – UN official

Landlocked and least developed countries (LDCs) have been further marginalized as a result of trade liberalization, which has led to increased growth in many parts of the world, a senior United Nations official has said.

Secretary-General hails arbitration agreement on fiftieth anniversary

The United Nations Secretary-General has hailed a 50-year-old international convention on commercial arbitration as “a cornerstone of the rule of law in international trade relations.”

Developing countries need both trade and aid, says new UN study

With the erosion of trade preferences, which save least developed countries (LDCs) hundreds of millions of dollars a year in duties that would otherwise be levied on their exports, both trade and aid are crucial to their development, according to a new United Nations study.