Unctad News Today

Despite global economic uncertainties, Indias services exports surged by 11.4% to $345 billion in 2023, outpacing China, whose shipments from the sector shrank by 10.1% to $381 billion, as per a UNCTAD report. Key sectors driving Indias growth include travel, transport, medical, and hospitality services. The worlds services exports, exceeding $7.9 trillion in 2023 with an 8.9% annual increase in current dollar value terms, were led by developing economies like India, China, Singapore, Turkiye, T...

FDI flows to India slip 26% in 2021: UN report : Rashtra News #FDI #flows #India #slip #report Foreign Direct Investment (FDI) flows to India in 2021 were 26 per cent lower, mainly because large M&A deals recorded in 2020 were not repeated, the UN trade body has said. The UN Conference on Trade and

Indias trade dependence on China and the European Union increased by 1.2 per cent in 2023, despite government efforts to reduce reliance on Chinese imports through schemes like the Production-Linked Incentive (PLI) and Quality Control Orders (QCOs).

This comes in the backdrop of major supply chain reset following the pandemic and the Russia-Ukraine war that had sent food and fuel prices to record highs.

Vietnam remained an exception in attracting foreign direct investment (FDI) on the global and regional scale last year. The Southeast Asian economy was expected to attract a large amount of FDI this year, said economists and analysts.

Houthi attacks on commercial vessels in the Red Sea caused 42% fewer ships to travel through the Suez Canal this January than at the peak in the first half of last year, a UN trade body said on Thursday, warning that the full impact has yet to be felt by consumers. The disruption on the route that connects the Red Sea and the Mediterranean has caused spot container prices from Shanghai to Europe to rise by an average of 256% between the beginning of December and the end of January, the UN Confer

Indonesia, India and South Africa are major holdouts in renewing a digital trade tariff moratorium that has been continuously renewed since 1998.

THE world has many issues to worry about but geopolitics remains the top concern because of its devastating effect on the global economy.

Kenya's Treasury expects interest payments in current financial year to hit Sh918 bn.

THE United Nations Conference on Trade and Development (Unctad) warned that escalating attacks on ships in the Red Sea are adding strain to shipping routes already hit by conflict and climate change.