Multilateralism and trade

Trade is an important engine for inclusive economic growth, sustainable development, and poverty reduction. A strong multilateral system and an inclusive internation trade environment are important for the world’s stability and prosperity. At the same time, there is a need to strengthen the contribution of the multilateral trading system to sustainable development. These goals were stated in the UNCTAD Bridgetown Covenant -—
– ‒
- –
—-
-—
– ‒
- –
—-
-—
– ‒
- –
—-
-—
– ‒
- –
—-
, and global progress towards them is reviewed in the following sections based on SDG indicators and other official statistics:

  1. Attaining the SDGs through trade
  2. Tariff trends mostly downwards, but non-tariff measures increasingly used
  3. International trade in open and transparent markets may help alleviate the effects of shocks and ensure food security
Development requires direction and direction requires goals, which in turn necessitates statistics. Official statistics on trade, investment, finance and technology play a vital role in informing truly global and collective efforts towards inclusive and sustainable development.Ms. Rebeca Grynspan, UNCTAD Secretary-General, 14 December 2023, Geneva

Developing economies export 30% of global services; LDCs only 0.6%.

Tariff peaks concentrate on products
exported by developing economies.

The median country imports 12% of its merchandise as basic food.

References

    Lorem ipsum dolor sit amet, consectetur adipiscing elit.
    Donec tincidunt vel mauris a dignissim. Curabitur sodales nunc id vestibulum tempor. Nunc tortor orci, sodales nec eros eget.
    Lorem ipsum dolor sit amet, consectetur adipiscing elit.
    Donec tincidunt vel mauris a dignissim. Curabitur sodales nunc id vestibulum tempor. Nunc tortor orci, sodales nec eros eget.
    Lorem ipsum dolor sit amet, consectetur adipiscing elit.
    Donec tincidunt vel mauris a dignissim. Curabitur sodales nunc id vestibulum tempor. Nunc tortor orci, sodales nec eros eget.
    Lorem ipsum dolor sit amet, consectetur adipiscing elit.
    Donec tincidunt vel mauris a dignissim. Curabitur sodales nunc id vestibulum tempor. Nunc tortor orci, sodales nec eros eget.
    Lorem ipsum dolor sit amet, consectetur adipiscing elit.
    Donec tincidunt vel mauris a dignissim. Curabitur sodales nunc id vestibulum tempor. Nunc tortor orci, sodales nec eros eget.