Disruptions in the Red Sea, Suez Canal, and Panama Canal have driven up shipping costs, sending shockwaves through the global economy.
The disruptions are straining supply chains, driving up costs, and reshaping global trade patterns, with vulnerable economies hit hardest.
Africa bears the brunt of the Red Sea shipping crisis, but makes strides in port and vessel performance, trade facilitation and the clean energy transition.
The latest Review of Maritime transport urges action to strengthen infrastructure and operations, promote low-carbon shipping and combat growing concerns over fraudulent ship registrations.
The App is part of broader efforts supported by UN Trade and Development to help African countries navigate non-tariff measures and bolster intra-regional commerce.
Creative services have grown by 29% since 2017, reaching $1.4 trillion in exports in 2022, as digital tools like AI continue to transform the sector.
The creative sector holds immense promise for economic and social empowerment. But there’s much more to do to extend its benefits to everyone, everywhere.
The Pact sets a clear framework for rethinking trade and development, driving progress toward a more equitable and sustainable global economy for all.
The Summit of the Future is an opportunity to mend eroded trust in multilateralism and create hope for a better tomorrow, says UN Trade and Development chief Rebeca Grynspan.
Amidst a polycrisis, these countries face an increasingly unsustainable financial situation, with high structural deficits and unaffordable debt, underscoring the urgent need for international action.
