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Trade in goods during the first quarter of 2021 was higher than the pre-pandemic level, but trade in services remained substantially below averages. World trade’s recovery from the COVID-19 crisis hit a record high in the first quarter of 2021, increasing by 10% year-over-year and 4% quarter-over-quarter, according to UNCTAD’s Global Trade Update released on 19 May. According to the report, the impressive rebound in Q1 2021 continued to be driven by the strong export performance of East Asian economies, whose early success in pandemic mitigation allowed them to rebound faster and to capit...

Set to continue This rebound is expected to continue into the second quarter of the year, with the combined value of goods and services reaching $6.6 trillion. That’s about three per cent higher than pre-pandemic levels of 2019, said UNCTAD’s Global Trade Update, which also predicted that the economies of China and the United States of America will likely be the main drivers of global growth in coming months. This should also have positive effects on countries which trade with the US and China, such as East Asian countries, Canada and Mexico, the UN body said, adding that the COVID-19 cri...

Small Arms Survey Trade Update 2020: An Eye on Ammunition Transfers to Africa Format GENEVA—Even though states may not intentionally supply materiel to armed groups, a lack of stringent risk assessments on weapons and ammunition exports destined for areas prone to diversion can hamper efforts to curtail the broader illicit arms trade. The 2020 edition of the Small Arms Survey’s annual Trade Update delves into cases of authorized small arms ammunition transfers to Africa through exploring the potential of beyond-the-norm data sources. Relying on peacekeeping operations, national customs, ...