Strong headwinds to slowdown global trade growth further in 2023: WTO \
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Strong headwinds to slowdown global trade growth further in 2023: WTO

29-Nov-2022
Global trade growth is likely to slow in the closing months of 2022 and into 2023 as the global economy continues to be engulfed by strong headwinds.
29-Nov-2022 Business
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US new chips law will undermine global supply chains: China \
2 min read
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US new chips law will undermine global supply chains: China

12-Aug-2022
Beijing [China], August 12 (ANI): China has strongly opposed the new Chips and Science Act adopted by the United States to support the local producers of semiconductors that it says will disrupt global supply chains and hamper international trade.
12-Aug-2022 World
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Amid food security concerns, India may not agree to exemption to WFP purchases from export restrictions \
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Amid food security concerns, India may not agree to exemption to WFP purchases from export restrictions

23-May-2022
New Delhi [India], May 23 (ANI): India may not agree to exemptions for World Food Programme (WFP) at World Trade Organization's 12th ministerial conference scheduled to be held in Geneva from June 12 to 15, sources told ANI.
23-May-2022 World
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One fifth of humanity could face poverty, hunger resulting from Ukraine crisis: UN chief \
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One fifth of humanity could face poverty, hunger resulting from Ukraine crisis: UN chief

18-Apr-2022
New York [US], April 18 (ANI/Sputnik): The Ukraine crisis could plunge more than one fifth of humanity, or up to 1.7 billion people, into poverty and hunger, according to UN Secretary-General Antonio Guterres.
18-Apr-2022 World
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EU unveils new sanctions against Russia; to ban export of luxury goods from bloc \
2 min read
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EU unveils new sanctions against Russia; to ban export of luxury goods from bloc

12-Mar-2022
Brussels [Belgium], March 12 (ANI): Europe will ban the export of luxury goods from the European Union to Russia, the head of the European Commission Ursula von der Leyen said on Friday.
12-Mar-2022 World
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China suspends import of beef from Lithuania amid diplomatic row \
3 min read
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China suspends import of beef from Lithuania amid diplomatic row

10-Feb-2022
Beijing [China], February 10 (ANI): China has suspended imports of beef from Lithuania, a document released by the Chinese General Administration of Customs said on Thursday.
10-Feb-2022 World
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China overtakes the US to grab the top spot in the list of richest countries \
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China overtakes the US to grab the top spot in the list of richest countries

16-Nov-2021
Over the last two decades, global wealth has tripled. China leading the way and surpassing the United States as the world’s richest country. New research reports by consultants McKinsey & Co examine the national balance sheets of ten countries. It represents more than 60% of world income. “We are now wealthier than we have ever […]
16-Nov-2021 World
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Taiwan asks China to lift fruit suspension at WTO committee meeting \
2 min read
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Taiwan asks China to lift fruit suspension at WTO committee meeting

05-Nov-2021
Taipei [Taiwan], November 5 (ANI): Taiwan has asked China to repeal its decision to unilaterally suspend the import of several fruits from Taiwan at a World Trade Organization (WTO) committee meeting on Wednesday.
05-Nov-2021 World
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US urges China to transform approach towards trade, embrace market policies \
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US urges China to transform approach towards trade, embrace market policies

22-Oct-2021
Washington [US], October 22 (ANI): The United States on Friday called on China to take steps to transform its approach to trade and embrace market policies as was anticipated when the country joined the World Trade Organization (WTO) two decades ago.
22-Oct-2021 World
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Cotton sustains more than 100 million families worldwide  \
4 min read
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Cotton sustains more than 100 million families worldwide 

09-Oct-2021
A single metric tonne of cotton provides jobs for five people on average, often in some of the world’s most impoverished regions; that adds up around 100 million families across the globe. 
To recognize these and other contributions, the United Nations is marking , this Thursday.  Cotton is an important means of livelihood for millions of smallholders and attracts export revenues to some of the poorest countries. This makes the sector a key contributor to reaching the   For the UN, this natural fabric “represents so much more than just a commodity”, it is “a life-changing product.” 

Important source 

Cotton is a major source of income for many rural laborers, including women. With this World Day, the UN wants to raise awareness of the critical role that cotton plays in economic development, international trade and poverty alleviation.  The initiative also wants to highlight the importance of sustained, inclusive and sustainable economic growth, full and productive employment, and decent work for all. 

Resilient and multipurpose 

As a crop resistant to climatic changes, cotton can be planted in dry and arid zones. It occupies just 2.1 per cent of the world’s arable land, but it meets 27 per cent of the world’s textile needs.  Around 80 per cent of cotton is used in the clothing industry, 15 per cent in home furnishings and the remaining 5 per cent mostly accounts for non-woven applications, such as filters and padding.  Almost nothing from cotton is wasted. In addition to textiles and apparel, food products can be derived from it, such as edible oil and animal feed from the seed.  Other uses have been developed recently, like using cotton-based filaments in 3D printers, because they conduct heat well, become stronger when wet, and are more scalable than materials like wood. 

The ‘Cotton Four’ 

The idea for the World Day was born in 2019, when four cotton producers in sub-Saharan Africa – Benin, Burkina Faso, Chad and Mali, known as the Cotton Four -proposed a celebration on October 7, to the .  With the UN officially recognizing the date, it became an opportunity to create awareness of the need of market access from least developed countries, to foster sustainable trade policies and to enable developing countries to benefit more from every step of the value chain.  For years, UN agencies have worked towards this goal.  For instance, since 2003, the  (ITC) and the World Trade Organization have helped the Cotton Four to improve production local processing capacity, as well as to discuss the trade reforms needed to address high trade barriers.   Another UN agency, , has long offered developing countries technical and policy support. One example is the +Cotton project, a cooperation initiative with Brazil that helps Latin American producers with innovative farming methods.
09-Oct-2021 United Nations
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