World Trade

News in Brief 19 May 2021

  • UNRWA launches $38 million appeal for Palestinians as violence continues
  • Genetically-modified mosquitos, potential anti-malaria asset
  • Global trade back in the back for 1st Quarter of 2021: UNCTAD
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2'42"

Global trade soars in first quarter, but services still in doldrums

Global trade bounced back to a record high early this year, although service industries are still a shadow of their pre-pandemic selves, UN economists UNCTAD said on Tuesday.

News in Brief 3 May 2021

  • E-commerce’s dramatic rise fuelled by COVID-19 restrictions: UNCTAD
  • Press freedom 'a cornerstone of democracy' says UN chief
  • UN migration agency launches appeal to support COVID-19 shots in East Africa
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3'3"

East Asian countries led economic recovery in last quarter of 2020, says UN report

Without the resilience of the economies of East Asia and the Pacific, there would have been no global trade recovery at the end of last year, UN analysts said on Wednesday.

IMF: ‘Less severe’ but ‘still deep’ recession predicted

In the shadow of the COVID-19 pandemic and its continuing impact, the global economy could see a “somewhat less severe, though still deep” recession through 2020, the International Monetary Fund (IMF) has projected in its latest global economic outlook. 

Global trade amid COVID-19: Signs of rebound, but recovery uncertain

Global trade is showing signs of bouncing back from a deep, COVID-19-induced slump, the World Trade Organization (WTO) has said, with the caveat that any recovery could be badly disrupted by the future course of the pandemic and how societies react. 

Trade in many developing countries projected to ‘nosedive’, warns UNCTAD

Trade in many developing countries is expected to take a “nosedive” in the second quarter of 2020, owing to the unprecedented effects of the coronavirus pandemic, UN economists said on Tuesday.

Swift rebound for world trade still possible through joint action to thwart coronavirus

Global trade in goods could fall by as much as a third this year due to the ongoing COVID-19 pandemic, but a swift rebound in 2021 is possible if the world’s economic policymakers – working together – act immediately, the World Trade Organization (WTO) said on Wednesday. 

Ban welcomes appointment of new World Trade Organization chief

Secretary-General Ban Ki-moon has welcomed the appointment of Roberto Carvalho de Azevêdo of Brazil as the next Director-General of the World Trade Organization (WTO).

Ever-growing number of trade pacts poses new challenges, says UN-backed report

The growing number and complexity of trade pacts between countries and within regions pose new challenges to the multilateral trading system, says a new United Nations-backed report, which also highlights the role of the World Trade Organization (WTO) in creating coherence.