BEGIN:VCALENDAR VERSION:2.0 PRODID:unctad.org BEGIN:VEVENT UID:6a4d6ac6ad7bd DTSTART:20240918T113000Z SEQUENCE:0 TRANSP:OPAQUE DTEND:20240918T124500Z LOCATION:Geneva\, Switzerland SUMMARY:Side event at the Trade and Development Board\, seventy-first sessi on: The future of non-reciprocal trade preferences CLASS:PUBLIC DESCRIPTION:Since the 1970s\, non-reciprocal trade preferences (NRTPs) have supported developing countries'\; export growth\, industrialization\, and diversification. Today\, the NRTPs stand at a crossroads. The new UN Trade and Development (UNCTAD) publication\, Trade Preferences Outlook 202 4\, demonstrates how the effectiveness of preferential tariffs diminished as a tool to foster exports as “Most Favoured Nation” tariffs have fal len\, free trade agreements have proliferated\, and non-tariff measures ha ve become more prevalent.Meanwhile\, the rapidly evolving international tr ade landscape and an increase in the technological content of production h ave changed the drivers of comparative advantage. Tariff preferences alone do not sufficiently help developing countries attract foreign direct inve stment that can drive technology transfer to increase domestic productive capacity.In light of these global trends and the continuing need of vulner able developing countries for enhanced market access to their exports\, th e time is ripe for the international community to assess what shape the fu ture of trade preferences should take. This side event aims to stimulate d ebate on two key questions:Does the current set-up of NRTPs remain effecti ve in responding to market access challenges facing beneficiary countries under today'\;s international trade landscape?What can be a new paradi gm for "\;market access cooperation"\; beyond tariff preferences t hat better meet beneficiary countries'\; needs for inclusive and susta inable growth and development?Participation and RegistrationThe event is o pen to all delegates from member States\, trade specialists\, academics an d other participants.LogisticsThe session will be held with physical parti cipation in room XXIII of the Palais des Nations.Those who cannot attend t he meeting in person will be able to listen to the live audio stream. The link to listen live will be sent to registered participants at the email a ddress used for registration\, one day in advance of the start of the sess ion.<\;p>\;Since the 1970s\, non-reciprocal trade preferences (NRTPs) have supported developing countries'\; export growth\, industrializati on\, and diversification. Today\, the NRTPs stand at a crossroads. The new UN Trade and Development (UNCTAD) publication\, Trade Preferences Outlook 2024\, demonstrates how the effectiveness of preferential tariffs diminis hed as a tool to foster exports as “Most Favoured Nation” tariffs have fallen\, free trade agreements have proliferated\, and non-tariff measure s have become more prevalent.<\;/p>\;<\;p>\;Meanwhile\, the rapidl y evolving international trade landscape and an increase in the technologi cal content of production have changed the drivers of comparative advantag e. Tariff preferences alone do not sufficiently help developing countries attract foreign direct investment that can drive technology transfer to in crease domestic productive capacity.<\;/p>\;<\;p>\;In light of the se global trends and the continuing need of vulnerable developing countrie s for enhanced market access to their exports\, the time is ripe for the i nternational community to assess what shape the future of trade preference s should take. This side event aims to stimulate debate on two key questio ns:<\;/p>\;<\;ul>\;<\;li>\;Does the current set-up of NRTPs re main effective in responding to market access challenges facing beneficiar y countries under today'\;s international trade landscape?<\;/li>\ ;<\;li>\;What can be a new paradigm for "\;market access cooperati on"\; beyond tariff preferences that better meet beneficiary countries '\; needs for inclusive and sustainable growth and development?<\;/l i>\;<\;/ul>\;<\;h4>\;<\;strong>\;Participation and Registrat ion<\;/strong>\;<\;/h4>\;<\;p>\;The event is open to all deleg ates from member States\, trade specialists\, academics and other particip ants.<\;/p>\;<\;h4>\;<\;strong>\;Logistics<\;/strong>\;< \;/h4>\;<\;p>\;The session will be held with physical participation in room XXIII of the Palais des Nations.<\;/p>\;<\;p>\;Those who c annot attend the meeting in person will be able to listen to the live audi o stream. The link to listen live will be sent to registered participants at the email address used for registration\, one day in advance of the sta rt of the session.<\;/p>\;\n\nView meeting on unctad.org\nhttps://unct ad.org/meeting/side-event-trade-and-development-board-seventy-first-sessio n-future-non-reciprocal-trade DTSTAMP:20260707T210822Z END:VEVENT END:VCALENDAR