Hailing new tariff reductions announced by six Asian countries that include three of the region’s largest economies, China, India and the Republic of Korea, the United Nations said today it looked forward to even deeper cuts.
Cutting red tape to reduce complex transaction costs is the key to unlocking significant benefits from international trade for economies in Asia and the Pacific, according to a new report from the United Nations and the Asian Development Bank (ADB).
A top United Nations trade official today called on the leaders of the G20 group of industrialized and developing countries at their summit meeting next week to ensure success of talks aimed at lowering trade barriers around the world.
Contrary to conventional wisdom, further liberalization of international trade can help combat climate change and support a low carbon economy, said a joint United Nations Environment Programme (UNEP) and World Trade Organization (WTO) report launched today in Geneva.
Deeper regional integration is crucial for building stronger and more resilient African economies, particularly in light of the current global financial crisis which has hit the continent hard, the United Nations says in a new report released today.
Taking measures to boost trade among Asia-Pacific nations will be critical for governments in the region to help their economies recover from the turmoil sparked by the financial crisis in the West, according to a new set of United Nations guidelines.
The Asia-Pacific arm of the United Nations has launched an initiative aimed at cutting through the red tape that is adding as much as 15 per cent to the cost of goods traded in the region.
Both the surging food prices from 2007 to 2008 and their subsequent drop in some areas are a result of large-scale speculation by financial investors, according to a new report by the United Nations trade body, which called for greater regulation to protect millions of poor people worldwide.
A decline in trade resulting from shrinking global markets may cost many women in developing countries their jobs, the head of the United Nations agency that promotes commerce to fight poverty warned today.
The world is winning its long battle against the illicit trade in narcotics but further efforts are needed, especially to reduce demand, the United Nations drug tsar said today, 100 years to the day after the first-ever conference aimed at controlling drugs met in Shanghai.
