UNCTAD in the Media
US investment in Russia was 13 times bigger than official numbers show, statistics released by the United Nations Conference on Trade and Development (UNCTAD) have revealed.

India received foreign direct investments worth $42 billion in 2018, helped by robust inflows in manufacturing, communication and financial services, a United Nations trade report said Wednesday.

For the third year in a row, foreign direct investment (FDI) is down all over the world, but not in Africa. Global money is banking on African growth, reduced barriers to cross-border trade and affordable access to commodities.

COMESA and the United National Conference on Trade and Development (UNCTAD) have launched a Co-delegation Agreement to implement trade facilitation projects in the region. UNCTAD Secretary-General Dr Mukhisa Kituyi and his COMESA counterpart Chileshe Kapwepwe launched the Agreement at the COMESA Headquarters in Lusaka, Zambia.

The United Nations Conference on Trade and Development, UNCTAD, has said that the digital economy is evolving fast even as global internet traffic was 66 times higher in 2019 than in 2005.

Well ahead of the High-Level Political Forum in July 2019 under the auspices of the Economic and Social Council (ECOSOC) with the focus on "empowering people and ensuring inclusiveness and equality", the African, Caribbean and Pacific (ACP) Secretariat and the United Nations Conference on Trade and Development (UNCTAD) held an all-day workshop at the Palais des Nations, Geneva on May 2, 2019.

UNCTAD and Mauritius have signed a memorandum of understanding to open a new center of excellence for the fisheries sector in developing countries. The center will serve as a practical site for putting policy recommendations for least developed countries (LDCs) into action and will bring together experts, researchers and policymakers from the LDCs and other African and Asian countries with strong experiences in developing their fisheries sectors to exchange best practices and insights.

If Britain leaves the EU without a deal, the bloc and Britain's smaller trading partners stand to lose big, but Beijing and Washington could reap huge benefits, the UN said Tuesday. In a fresh report, UNCTAD examined what repercussions it would have for Britain's trading partners if the country crashes out of the European Union without a deal.

“Globalisation of manufacturing and trade are facing fatigue from geopolitics and trade war. This has led to disruption and or slowdown in global trade value chain and decline in return on foreign direct investment (FDI), but the exponential growth in digital trade volumes are expected to drive investments in that direction,” said Dr Mukhisa Kituyi, Secretary-General of the United Nations Conference on Trade and Development (UNCTAD).

The first meeting of the Group of Friends of investing in the SDGs is scheduled to take place in H2 2019. The corresponding agreement was reached at a meeting between Belarus' Permanent Representative to Geneva Yury Ambrazevich and UNCTAD Secretary-General Mukhisa Kituyi on 4 April.

UNCTAD Explores Financing Sources for SDGs in Cities
International Institute for Sustainable Development (IISD)
21 March 2019
The March 2019 issue of UNCTAD's IPA Observer focuses on sources of financing for SDG projects and ways to enhance the sustainable development impact of investment, while providing takeaways for cities and IPAs. The document explores case studies from Bogota (Colombia), Cape Town (South Africa), and Dubai (United Arab Emirates).

To help the Lebanese government identify some of the problematic legal and administrative procedures, the Investment Development Authority Lebanon (IDAL) has mandated UNCTAD to complete a comprehensive report on Lebanon.

A new UN report Monday showed that demand for electronic components used in internet devices drove the trade value in international imports of information and communications technology (ICT) goods in 2017 to reach 2.1 trillion U.S. dollars.

​Just months after UNCTAD said that internal migration would fuel Africa’s growth and development, AfDB is echoing the call. On Monday 4 March, the Bank’s Senior Vice-President Charles Boamah opened the third annual Africa Resilience Forum (ARF), by detailing the benefits that safe, controlled migration bring to countries of origin, transit and destination.

China leads in growth of creative economy
The Telegraph
21 February 2019
In the second edition of the Creative Economy Outlook: Trends in International Trade in Creative Industries, published on 14 January 14, Unctad examines the global creative industry between 2002 and 2015 and offers profiles of 130 countries, with China’s performance standing out.

The US plans to increase tariffs on Chinese goods if the two sides fail to make progress on a trade deal by 1 March. The comments followed a report by a UN trade agency [UNCTAD] on the impact of the US-China trade war. It said Asian countries are likely to suffer most from protectionism.

The trade war between the United States and China has caused major disruptions for global businesses — but it may also bring benefits for some. Companies in Europe, Mexico, Japan and Canada could add tens of billions of dollars in export orders if the conflict drags on, according to a study released this week by the United Nations Conference on Trade and Development.

​Fifty years ago the world’s shipping industry was experiencing the onset of changes which were destined to have a lasting impact and shape the pattern of activities seen in today’s markets. This feature represents continuity. But there were events during the past half century representing discontinuity, upheavals (mostly unforeseen) greatly disrupting markets. The next half-century ahead probably will see many more disruptive changes.

​Electronic commerce experts, politicians and technology entrepreneurs are meeting in Kenya this week to explore how Africa can develop online retail businesses. The E-Commerce Africa event in Nairobi is supported by the European Union and United Nations. Shamika Sirimane, a director at the United Nations Conference on Trade and Development, tells the BBC's Russell Padmore how online retail is a lucrative business, which could benefit many economies.

Financing entrepreneurs can build devleoping African economies
Radio France International (France)
20 November 2018
​Entrepreneurs have an important role to play, even in the poorest countries, the UN's body for trade has told RFI, as African countries marked Africa Industrialisation Day, Tuesday. In its latest report on Least Developed Countries, the UN urges more investment towards start-ups with a real potential for growth.

​GENEVA — To achieve the ambitious Sustainable Development Goals, the United Nations has been widening calls for support from the private sector — and some believe stock markets could play an important role.

​GENEVA — Global foreign direct investment (FDI) fell by 41 percent to $470 billion in the first six months of this year, the lowest since 2005, preliminary figures from the United Nations trade and development agency UNCTAD showed on Monday.

UN Report: Trade war threatens outlook for global shipping
Global Trade Magazine (US)
03 October 2018
​The outbreak of trade wars and increased inward-looking policies threaten the prospects for seaborne trade. That was the outlook projected by UNCTAD Secretary General Mukhisa Kituyi when launching the 2018 edition of the UNCTAD Review of Maritime Transport at the Global Maritime Forum’s Annual Summit now taking place in Hong Kong.

​An “explosion” in corporate and household debt across the developing world since the financial crisis has left some of the world’s poorest countries with little protection against Donald Trump’s trade wars and a slowdown in global growth.

​Dans cette chronique, l’économiste indienne Jayati Ghosh estime que c’est en luttant contre le comportement prédateur de multinationales en situation de monopole que les bienfaits du libre-échange pourront être développés et équitablement partagés.

​GENEVA (Reuters) - Palestinian citizens are trapped in an economy of jobless growth with no prospects, especially in Gaza, which is undergoing “de-development”, the United Nations trade and development agency UNCTAD said in an annual report published on Wednesday.

​A senior economist with the United Nations has made a terse warning about the state of the global economy, saying that it is "is increasingly vulnerable and fragile."

Building Africa's Digital Markets
Africa News (Africa)
26 July 2018
​Kenya, South Africa and Nigeria lead the continent in the performance of e-commerce as they have all recorded approximately 6 percent of overall trade as being conducted in digital platforms as at the end of 2017.Kenya has one of the most advanced mobile money payments systems in the world with about 85 percent of adults having a mobile bank accounts.

​Les migrations africaines pourraient stimuler la croissance et transformer positivement la structure de l’économie du continent. C’est le constat qui ressort du rapport 2018 sur le développement en Afrique, un rapport publié récemment par la CNUCED, la conférence des Nations Unies sur le commerce et le développement.

The Costs of Trade War
Project Syndicate (Czech Republic)
18 June 2018
​by Mukhisa Kituyi The Trump administration's introduction of sweeping import tariffs on steel and aluminum raises the real possibility of a global trade war. The effects would be felt everywhere, but especially in the world's poorest countries, and everything from the current global recovery to the Sustainable Development Goals could now be in jeopardy.

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