Page 2 - Unctad News Today

Israel’s military operation exacerbated Gaza’s economic decline, resulting in 24% GDP contraction, 26.1% drop in GDP per capita for entire year, says UNCTAD.

As global disruptions put export targets under a cloud, the government has taken a cautious approach by setting flexible export goals. Experts say now is the time to expedite FTA talks to stabilise the situation.

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The U.N. Conference on Trade and Development estimates that weekly transits through the Suez Canal plummeted 42 percent in a two-month span.

 UN officials are sounding the alarm on the growing global impact to trade from the mounting problems ranging from the Black Sea to the Suez and Panam...

The ongoing crisis in the Red Sea shipping route is causing disruptions in global trade, raising concerns about its impact on developing nations and global food prices. The United Nations Conference on Trade and Development (UNCTAD) warns that disruptions in grain shipments from Europe, Russia, and Ukraine pose risks to global food security.

UNCTAD has expressed deep concerns about the global trade disruption caused by the ongoing Red Sea crisis. The organization emphasized the adverse impact on developing nations, warning of repercussions on global food prices due to longer cargo routes and higher freight rates.

The U.N. trade body sounded an alarm Thursday that global trade is being disrupted by attacks in the Red Sea, the war in Ukraine, and low water levels in the Panama Canal. Jan Hoffmann, a trade expert at the United Nations Conference on Trade and Development known as UNCTAD, warned that shipping costs have already surged and energy and food costs are being affected, raising inflation risks.

UN expresses concerns about global trade tensions and disruptions.

Attacks against shipping in the Red Sea by Houthis are devastating for global trade and supply chains, already reeling under the impacts of the war in Ukraine and climate change-linked conditions in the Panama Canal, said the UN trade and development body, UNCTAD, on Thursday.