Latest content: Trade and economy

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The potential for trade-led sustainable development in most Forum Island Countries (FICs) in the Pacific remains largely untapped. These countries experience several challenges to trade, such as a lack of economies of scale, low levels of foreign direct investment (FDI), inadequate and under developed infrastructure, high costs of doing business and a host of other supply-side contraints. Recent changes in the global economic and trading landscape, including growing trade tensions and protectionism, growth in mega regional trade arrangements, and the rapid advancement in technology have created an additional layer of challenges, producing further impediments for these countries to trade.
Read publication - PACER Plus Implementation
Event
From December 1-3, 2021, the International Institute for Sustainable Development (IISD) is providing a virtual space 'The IISD’s Trade + Sustainability Hub' for civil society, government, business, and international organizations to discuss trade and sustainable development.
After three years in the making, last week the Commonwealth Secretariat launched its new Voluntary Information and Price-Sharing database (VIPSD). One-third of the world’s population lacks access to essential medicines, with most of them living in poor countries, while rising prices of new drugs are becoming a challenge in wealthy states. And, since the global Covid-19 pandemic, the urgent need for essential medicines has intensified.
Read press release - Commonwealth Launches Voluntary Information and Price Sharing Database
At their annual meeting, Commonwealth Finance Ministers were urged to take action to change the current development finance architecture, enhance access to finance for countries vulnerable to climate change and address debt sustainability.
Read press release - Finance Ministers call for change to development finance architecture to fight climate change and address debt vulnerabilities
Aid for Trade (AfT), first launched in 2005, has come a long way over the last fifteen years and has undeniably made an important contribution to overcoming the many constraints holding developing countries back from greater participation in international trade, and thus from reaping many of its benefits.
Read publication - Digital Reboot