Africa’s future trade relations link to the Global South

One of the themes at this year’s African Development Forum, an UN ECA event, was new forms of partnership. The idea is to move away from development assistance and adapting to the realities of today. Global economic trends reflect the ongoing geopolitical and economic rebalancing in favour of developing and emerging economies, particularly Brazil, China… Read More Africa’s future trade relations link to the Global South

Asia is more integrated, but future cooperation will be a complex task

MANILA, PHILIPPINES – Asia has become increasingly integrated over the past decade, led by growing trade and tourism and, most recently, as the region faced down the global financial crisis and subsequent eurozone crisis, according to a new integration index published in the Asian Development Bank’s (ADB) latest Asian Economic Integration Monitor (http://www.adb.org/publications/asian-economic-integration-monitor-march-2013). “Going forward,… Read More Asia is more integrated, but future cooperation will be a complex task

Small & Medium African Companies Engaged in International Markets Prosper in ‘Global Village’ | DHL Study

Study shows that internationally-focused SMEs are twice as likely to be successful as those only operating domestically CAPE-TOWN, South-Africa, February 4, 2013/ — International trade and cooperation has become a key driver of small business success according to an in-depth and wide-ranging DHL Express study by IHS, the leading global source of information and analytics.… Read More Small & Medium African Companies Engaged in International Markets Prosper in ‘Global Village’ | DHL Study

“Made in the world”| Measuring Trade in Value Added: An OECD-WTO joint initiative

Global value chains (GVCs) have become a dominant feature of today’s global economy. The proliferation of internationally fragmented production, driven by technological progress, cost, access to resources and markets, and trade policy reforms, challenges our conventional wisdom on how we look at and interpret trade statistics and, in particular, the policies that we develop around… Read More “Made in the world”| Measuring Trade in Value Added: An OECD-WTO joint initiative

Intra-African trade restrictions impact regional trade cooperation, Report says

KIGALI, Rwanda, 1 November 2012 (ECA) – Countries should correct systemic restrictions on the length of intra-African export relationships in order to deepen regional trade cooperation among African countries, says a paper presented today at the African Economic Conference which opened in Kigali on Tuesday. During a discussion led by Dr. Adam Elhiraika, Chief of… Read More Intra-African trade restrictions impact regional trade cooperation, Report says

OECD countries reaffirmed commitments to open trade and aid

OECD countries have pledged to abstain from trade protectionism as part of a concerted drive to shore up the world economy and combat recession. They also have reaffirmed their commitments on aid to developing countries. Already in November 2008, at a meeting of the OECD’s Executive Committee in Special Session, OECD countries agreed to sustain… Read More OECD countries reaffirmed commitments to open trade and aid

Rising Food Prices hit the Poor, shake Development Agendas

With food and other commodity prices skyrocketing in recent months, energy and climate change have been all over the news. Prices for rice, the staple food for about half of the world’s 6 billion people, have soared to record highs, with key benchmarks touching $1000-per-tonne earlier this month, more than double the rate at the… Read More Rising Food Prices hit the Poor, shake Development Agendas

UNCTAD XII adopts wide-ranging conclusions

UNCTAD Secretary-General Supachai Panitchpakdi hailed the Accra Accord and its accompanying political declaration for embodying the shared commitment of the developing and developed world ”to work toward making globalization a powerful means to achieve poverty eradication.” Quoting Ghanaian President John Kofi Agyekum Kufuor, whose country hosted the conference, Dr. Supachai referred to a new mood… Read More UNCTAD XII adopts wide-ranging conclusions

UNCTAD XII to consider impact of economic trends on development

Twelfth United Nations Conference on Trade and Development to take place in Accra, Ghana, 20-25 April Heads of state, ministers, economists to discuss better translation of globalization gains into poverty reduction; nurturing and expanding South-South trade; commodities boom; regional integration; foreign investment for development, debt management; technology; growing impact of creative economy; importance of small… Read More UNCTAD XII to consider impact of economic trends on development