trade

UN rights expert welcomes new Assembly resolution on debt structuring

A new United Nations General Assembly resolution on debt restructuring that will set up a multilateral legal framework for debtor countries to emerge from debt safely was welcomed today by the UN rights expert on the issue as a way forward to “fill the current legal voice and reduce uncertainty.”

Global foreign direct investment rises to pre-crisis levels, UN reports

Global foreign direct investment (FDI) rose to levels not seen since the start of the global economic crisis in 2008, increasing by 11 per cent in 2013 to an estimated $1.46 trillion, with the lion’s share going to developing countries, according to a United Nations report released today.

Ban appoints Arancha Gonzalez of Spain to head International Trade Centre

Secretary-General Ban Ki-moon has appointed Arancha Gonzalez of Spain as Executive Director of the International Trade Centre (ITC), the joint agency of the United Nations Conference on Trade and Development (UNCTAD) and World Trade Organization (WTO) for trade and international business development.

World merchandise exports show tepid growth for 2012, UN reports

Global merchandise exports grew by only 0.2 percent in value in 2012 after two years of significant expansion, with a decline among developed countries offset by 3.6 percent growth among developing countries fuelled by petroleum and gas, according to United Nations figures released today.

International investment disputes hit record in 2012 – UN report

Foreign investors are increasingly resorting to investor-State arbitration to settle investment disputes, with a record number of cases filed last year, according to a new report released today by the United Nations Conference on Trade and Development (UNCTAD).

Trade among African countries essential to sustainable growth in the continent – Ban

Marking Africa Industrialization Day, Secretary-General Ban Ki-moon today flagged the role that intra-African trade plays in achieving sustainable, inclusive and equitable growth in the continent, and called for its expansion by lowering trade constraints.

Caribbean countries encouraged to use UN programme to help firms cut through red tape

A major regional body, Association of Caribbean States (ACS) today encouraged its member countries to adopt a United Nations programme which would help them streamline trade and increase transparency in business procedures.

Rise in natural resources prices appears to be hurting poor nations – UN report

A sustained rise in prices for raw natural resources and basic agricultural goods is defying long-standing patterns and appears to be hurting poor nations through rising food and fuel costs more than it is helping them through higher revenues for their commodities exports.

Measures adopted at UN trade conference to benefit organic farmers in poor countries

Two agreements that will help farmers in poor countries participate more fully in the organic food sector were signed at a United Nations-backed conference on development and trade, the UN announced today.

Africa, on eve of economic renewal, needs world trade and investment – UN

With Africa potentially on the eve of an economic renewal, a senior United Nations official today called on the international community to grant the continent fairer access to markets for its exports and invest in its lucrative resources by funding the necessary infrastructure.