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The country’s support has helped build knowledge, capacity and consensus on how to harness the digital economy for development.

UNCTAD will help the landlocked East Asian nation assess its e-commerce ecosystem and harness the development benefits of the digital economy.

The UNCTAD-led eTrade for all initiative marks a new milestone with the enrolment of the International Chamber of Commerce as its principal private-sector counterpart.

Fintech mobile apps allow almost everyone with a smartphone to get credit, transfer money or even trade cryptocurrencies on the stock market.

Better global governance of digital tools and platforms – and the data they produce – is urgently needed to avoid further fragmentation of the internet and wider inequalities.

The pandemic's impact on digital transformations and how e-commerce and associated digital technologies can contribute to the recovery are in focus during the UNCTAD eCommerce Week 2022 from 25 to 29 April.

As the global economy becomes increasingly digital, better rules are needed to protect people and the planet and ensure everyone can reap the world of online opportunities.

UNCTAD's annual event highlights the urgent need for global data and digital governance to help developing countries access the benefits of the soaring digital economy.

Written by John Frank, Vice President, UN Affairs, Microsoft

Graduation presents an opportunity for the countries to develop strategies that can position the textile and clothing sector higher up the global value chain.