Global services trade growth hits new highs
The World Trade Organization (WTO) says the third quarter of 2024 saw services exports rise by 16 percent in Asia, followed by 8 percent in Europe, while North America, South and Central…
Developing economies face tougher slog, World Bank says
Developing economies—which fuel 60 percent of global growth—are projected to finish the first quarter of the 21st century with the weakest long-term growth outlook since 2000, according to the World Bank’s latest…
Africa advised to accelerate intra-continental trade
Africa – rich in critical minerals – is advised to accelerate intra-continental trade and harness its natural resources for sustainable development by rolling out effective trade policies, to benefit from the global…
Global trade reaches new high in 2024
Global trade is set to reach a record $33 trillion in 2024, according to the latest Global Trade Update by UN Trade and Development (UNCTAD).
Ministers discuss LAPSSET Corridor program progress
The UN Economic Commission for Africa (ECA), in collaboration with the government of Kenya, recently hosted the fourth Ministerial Council meeting of the LAPSSET Corridor program.
WTO invites participants to attend annual public forum
The World Trade Organization has invited participants from across the world to attend the annual WTO Public Form in Geneva, Switzerland from September 10-13,2024.
Afreximbank to double intra-African trade financing to $40 billion
African Export-Import Bank (Afreximbank) (www.Afreximbank.com) plans to double its financing of intra-African trade from US$20 billion in 2021 to US$40 billion by 2026, Mr. Haytham ElMaayergi, Afreximbank’s Executive Vice President, Global Trade…
Global goods, commercial services trade reaches $30.4 trillion
BY YANET FANTAYE WOGAYEHU – The value of total goods and commercial services trade in 2023, at US$ 30.4 trillion, was close to record highs, according to the annual report of the…
Transport conference set to unlock Sub-Saharan Africa’s potential
The Chartered Institute of Logistics and Transport’s branches in South Africa and Zimbabwe have announced their first-ever collaboration – at the Futuroad Expo taking place from 19 to 21 November at the…
Annual Africa-Caribbean trade could reach $1.8 billion by 2028
Trade between Africa and the Caribbean could rise to $1.8 billion per year by 2028 if value addition, trade facilitation and improved logistics are prioritized, according to new research.
Global trade trends turned positive in the first quarter- UNCTAD
Global trade trends turned positive in the first quarter of 2024, with the value of trade in goods increasing by around 1% quarter-over-quarter and services by about 1.5%.
WTO, Afreximbank to leverage Africa’s unique resource endowment
Today, African Export-Import Bank signed a Memorandum of Understanding (MoU) with the World Trade Organization (WTO) to amplify the impact of their strategically aligned joint efforts of promoting global trade leveraging Africa’s…
Somalian President discusses WTO accession, trade for peace program
The Chair of the Working Party on the Accession of Somalia, Ambassador Nina Tornberg of Sweden, met President Hassan Sheikh Mohamud of the Federal Republic of Somalia on 14 June in Lucerne,…
WTO launches prize for gender equality in trade
The International Prize for Gender Equality in Trade of the World Trade Organization (WTO), launched by the Informal Working Group on Trade and Gender.