BEGIN:VCALENDAR VERSION:2.0 PRODID:unctad.org BEGIN:VEVENT UID:6af6879b73f5c DTSTART:20230508T081500Z SEQUENCE:0 TRANSP:OPAQUE DTEND:20230508T100000Z LOCATION:Geneva\, Switzerland SUMMARY:The South-South trade partnership for accelerating the SDGs achieve ment CLASS:PUBLIC DESCRIPTION:South-South trade has incredible potential to accelerate the ac hievement of the SDGs by developing countries. Its value passed from US$60 0 billion in 1995 to US$5.3 trillion in 2021 and its volume is now higher than that of North-South trade\, growing faster than the world average. In addition\, South-South trade fosters trade in non-traditional exports\, i ncluding higher value added and technology-intensive manufactured goods.In this framework\, the Global System of Trade Preferences (GSTP) represents a great opportunity for developing countries to increase South-South trad e and cooperation by reducing trade barriers (both tariff and non-tariff) and diversify their exports. In fact\, this is the only trade agreement co vering the Global South\, currently encompassing 42 countries\, forming a US$16 trillion market with a population of 4 billion. UNCTAD estimates sug gest that implementation of the latest round of negotiations of the GSTP b y all its current signatories would result in potential shared welfare gai ns of US$14 billion. Within the current context of multiple crises\, the GSTP provides an incredibly valuable platform to address challenges such a s climate crisis and food security through trade cooperation. Despite the little historical responsibility of CO2 emissions of developing countries\ , these are the countries that are feeling the impact of climate change th e most\, both financially and in terms of human lives. A revival of the GS TP offers an opportunity for a wide sectoral decarbonization in developing countries. Addressing renewable energy-related goods and services trade a nd related NTMs among GSTP participants would allow a faster renewable ene rgy transition and would help countries meet the National Determined Contr ibution under the Paris Agreement. There is now a fresh window of opportu nity for breaking the logjam in the implementation of the past negotiating results and moving ahead to embark on a new South-South trade agenda. Wit hin the current context of “polycrisis”\, the GSTP provides a vehicle to address pressing global challenges through trade cooperation to acceler ate the achievement of SDGs. What is the role of South-South trade on the path for sustainable development? How can the GSTP be better utilized to e nable further trade and economic integration among developing countries? I n which policy areas or sectors can trade cooperation be strengthened in a manner supportive of the achievement of SDGs? KeynoteGlobal System of Tr ade Preferences (GSTP) among developing countries in accelerating SDGs in the current global contextMr. Rubens Ricupero\, former UNCTAD Secretary-Ge neral (video)ModeratorMr. Pedro Manuel Moreno\, Deputy Secretary-General o f UNCTADCommentatorsH.E. Mr. Federico Villegas\, President of the GSTP Com mittee of Participants\, Ambassador Extraordinary and Plenipotentiary\, Pe rmanent Representative of the Permanent Mission of the Argentine Republic to the United Nations Office and other international organizations in Gene va Ms. Miho Shirotori\, Acting Director\, Division on International Trade and Commodities (DITC)\,UNCTADMr. Máximo Torero\, Chief Economist\, Food and Agriculture Organization (FAO)Ms. Trudi Hartzenberg\, Executive Direc tor\, tralac\, and Member of the UN Committee on Trade PolicyMs. Vahini Na idu\, Programme Coordinator\, Trade for Development Programme\, South Cent reMr. Craig VanGrasstek\, Trade Consultant and Adjunct Lecturer\, John F. Kennedy School of Government\, Harvard University <\;p>\;South-South trade has incredible potential to accelerate the achievement of the SDGs b y developing countries. Its value passed from US$600 billion in 1995 to US $5.3 trillion in 2021 and its volume is now higher than that of North-Sout h trade\, growing faster than the world average. In addition\, South-South trade fosters trade in non-traditional exports\, including higher value a dded and technology-intensive manufactured goods.<\;/p>\;<\;p>\;In this framework\, the Global System of Trade Preferences (GSTP) represents a great opportunity for developing countries to increase South-South trad e and cooperation by reducing trade barriers (both tariff and non-tariff) and diversify their exports. In fact\, this is the only trade agreement co vering the Global South\, currently encompassing 42 countries\, forming a US$16 trillion market with a population of 4 billion. UNCTAD estimates sug gest that implementation of the latest round of negotiations of the GSTP b y all its current signatories would result in potential shared welfare gai ns of US$14 billion.&\;nbsp\;<\;/p>\;<\;p>\;Within the current context of multiple crises\, the GSTP provides an incredibly valuable plat form to address challenges such as climate crisis and food security throug h trade cooperation. Despite the little historical responsibility of CO2 e missions of developing countries\, these are the countries that are feelin g the impact of climate change the most\, both financially and in terms of human lives. A revival of the GSTP offers an opportunity for a wide secto ral decarbonization in developing countries. Addressing renewable energy-r elated goods and services trade and related NTMs among GSTP participants w ould allow a faster renewable energy transition and would help countries m eet the National Determined Contribution under the Paris Agreement.&\;n bsp\;<\;/p>\;<\;p>\;There is now a fresh window of opportunity for breaking the logjam in the implementation of the past negotiating results and moving ahead to embark on a new South-South trade agenda. Within the current context of “polycrisis”\, the GSTP provides a vehicle to addre ss pressing global challenges through trade cooperation to accelerate the achievement of SDGs. What is the role of South-South trade on the path for sustainable development? How can the GSTP be better utilized to enable fu rther trade and economic integration among developing countries? In which policy areas or sectors can trade cooperation be strengthened in a manner supportive of the achievement of SDGs?&\;nbsp\;<\;/p>\;<\;p>\;K eynote<\;/p>\;<\;p>\;<\;em>\;Global System of Trade Preference s (GSTP) among developing countries in accelerating SDGs in the current gl obal context<\;/em>\;<\;/p>\;<\;ul>\;<\;li data-list-item-id ="\;e34c0998c95fc9cc18ce2b85903e21d3a\n\nView meeting on unctad.org\nh ttps://unctad.org/meeting/south-south-trade-partnership-accelerating-sdgs- achievement DTSTAMP:20261113T034427Z END:VEVENT END:VCALENDAR