United Nations Conference on Trade and Development
Nigeria, others suffer most as UNCTAD forecasts 20% drop in global trade
Latest data and projections from the United Nations Conference on Trade and Development (UNCTAD), have shown that international trade in goods
Reps’ panel cautions against fresh moves to represent $300m customs modernisation project
The House of Representatives Committee on Finance, Customs and Public Petitions has cautioned the Federal Government to be wary of fresh moves to repackage and represent an earlier proposal
Illicit trade drains $2.2 trillion from global economy
There is an urgent need to jointly combat illicit trade across borders, going by the revelations by the United Nations Conference on Trade and Development (UNCTAD), that economic leakages from illicit trade created a drain of about $2.2 trillion yearly on the global economy.
Why Nigeria, others should explore export, PPP to check debt vulnerabilities
Rising indebtedness may be a global phenomenon, but the debt levels of developing countries are amplifying their economic vulnerability, the United Nations Conference on Trade and Development’s (UNCTAD) new research warns.
Kachikwu, others seek sale of refineries to local, foreign investors
Minister of State for Petroleum Resources, Ibe Kachikwu, and other critical stakeholders have urged the Federal Government to sell the nation’s moribund refineries to interested local and foreign investors. The minister and other experts, drawn from his ministry as well as those of the Ministries of Budget and National Planning, the Department of Petroleum Resources…
Trade war threatens outlook for global shipping, U.N warns
The United Nations Conference on Trade and Development (UNCTAD) has raised concerns over the impending implications of the trade war between United States and China, on the shipping industry. According to the Review of Maritime Transport 2018 reports, UNCTAD said the tariff battles will potentially disrupt the global trading system and may drastically affect the…
‘How Nigeria, others can improve forex earnings from gum arabic export’
By improving workers’ skills, increasing product differentiation and value addition, enhancing marketing and finance solutions and fostering political stability, Nigeria and other key producers of gum Arabic can improve their earnings from export and processing of the commodity. According to a new report by the United Nations Conference on Trade and Development (UNCTAD), it is…
UNCTAD advocates macroeconomic, sectorial policies to mitigate trade abuse
As many countries isolate themselves from trade agreements that seemingly do not align with their domestic market operations, the United Nations Conference on Trade and Development (UNCTAD) has advocated the use of macroeconomic and sectorial policies to mitigate risks that may arise from exposure to multi-lateral ties. According to UNCTAD, trade alone is not enough…
UNCTAD tasks developing nations on trade-easing reforms
The United Nations Conference on Trade and Development (UNCTAD) has charged developing countries on deploying reforms that eases trade, noting that nearly 60 countries have prepared the ground to cut red tape and streamline revenue collection this year since the World Trade Organization’s Trade Facilitation Agreement (TFA) entered into force in February 2017. The Trade…
‘How CFTA will drive economic integration, reduce barriers’
If Nigeria and other African countries embrace the Continental Free Trade Area (CFTA) agenda, which becomes operational by 2017, the continent may witness a mutually benefitting ...