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Global merchandise trade exceeds pre-COVID-19 level, but services recovery falls short
9 Dec 2021
UNCTAD nowcasts show that trade in services has not yet reached its pre-pandemic level, while merchandise trade is projected to have surpassed it by 15%.
Africa’s free trade area can deliver considerable inclusive economic growth for the continent
8 Dec 2021
But the world’s largest free trade area needs measures to boost productivity and expand opportunities.
Global trade in goods hits all-time quarterly high of $5.6 trillion
30 Nov 2021
UNCTAD estimates show that in the third quarter of 2021 world trade continued its strong recovery from the COVID-19 pandemic – albeit unevenly across countries and sectors.
Least developed countries cannot afford to strand their assets, given their development challenges
26 Nov 2021
By Paul Akiwumi, Director for Africa and Least Developed Countries, UNCTAD
Maritime trade weathers COVID-19 storm but faces far-reaching knock-on effects
18 Nov 2021
UNCTAD predicts that annual growth in maritime trade between 2022 and 2026 will slow to 2.4%, compared to 2.9% over the past two decades.
High freight rates cast a shadow over economic recovery
18 Nov 2021
UNCTAD warns that global consumer prices will rise significantly in the year ahead until shipping supply chain disruptions are unblocked and port constraints and terminal inefficiencies are tackled.
AfCFTA could boost maritime trade in Africa
18 Nov 2021
UNCTAD says the African Continental Free Trade Area could boost intra-African trade by up to 33% and cut the continent’s trade deficit by 51%.
Asia expands its lead in maritime trade and business
18 Nov 2021
The continent also remains the largest seafarer-supplying region in the world. Four of the top five countries supplying seafarers in 2021 were from Asia.
COVID-19 lowers maritime freight in Latin America and the Caribbean
18 Nov 2021
Slow progress in digitalization and paperless transactions, lack of transparency in regulatory procedures and weaknesses in long-term planning are among the issues holding back port performance in the region.
Online course to help developing countries negotiate regional trade agreements in times of crisis
9 Nov 2021
COVID-19 has highlighted the gaps in existing multilateral and regional trade agreements in terms of ensuring protection and resilience during a global or regional crisis.
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