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Countries in the region thrived after

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...

Date Time UN to Focus on Building Post-Pandemic Resilience through Science, Technology and Innovation UNCTAD will bring together experts to explore how science, technology and innovation (STI) can contribute to a sustainable and resilient recovery from the COVID-19 pandemic, during a meeting of the UN Commission on Science and Technology for Development (CSTD) from 17 to 21 May. UN Deputy Secretary-General Amina Mohammed will lead speakers in examining how STI can help rebuild health-care systems and socioeconomic structures post-COVID-19, while reducing inequalities laid bare by the pandemic...

COVID-19 boosts online sales last year, according to UN trade agency report Yunus Girgin   | 03.05.2021 ANKARA Global e-commerce volume reached $26.7 trillion in 2019, up 4% from 2018, a new report by the UN Trade and Development Agency (UNCTAD) revealed on Monday. "The dramatic rise in e-commerce amid movement restrictions induced by COVID-19 increased online retail sales’ share of total retail sales from 16% to 19% in 2020," the report said. While the share of total e-commerce sales in global GDP was 30% in 2019, business-to-business sa...

SHARE Online transactions accounted for 19 per cent of total retail sales in 2020, up from 16 per cent in 2019, as Covid-19 movement restrictions fuelled e-commerce growth, the UN Conference on Trade and Development said. Several countries reported a growth in online sales, with South Korea topping the list at 25.9 per cent of total retail sales, up from 20.8 per cent in the previous year, Unctad said in a report. The value of South Korea's online sales rose from $84.3 billion in 2019 to $104.4bn last year. The country's total retail sales stood at $403bn last year. Other countries also repor...