UN to help tackle trade challenges

Diplomatic Correspondent

29 May, 2020 12:00 AM printer

United Nations Conference on Trade and Development (UNCTAD) and the five UN regional commissions have joined forces to help developing countries tackle trade and transport challenges from the coronavirus pandemic.

A new joint UN project is seeking to help governments and businesses keep transport networks and borders operational and facilitate the flow of goods and services while containing the spread of the coronavirus, according to a joint statement of UNCTAD and UNESCAP issued on Thursday.

The project launched this month will implement UN solutions, standards, guidelines, metrics, tools and methodologies to help developing countries build transport, trade and logistics resilience in the wake of COVID-19.

The initiative brings together UNCTAD and the five UN regional commissions for Africa (ECA), Europe (ECE), Latin America and the Caribbean (ECLAC), Asia and the Pacific (ESCAP), and Western Asia (ESCWA), with funding managed by the UN Department of Economic and Social Affairs.

The project puts a premium on global reach and regional presence, international cooperation, as well as exchange of knowledge and good practices from all over the world.

It seeks to equip governments in developing and least developed countries to adapt to new post-COVID-19 conditions by tapping into UN expertise, standards, tools and guidance, while considering their specific and local conditions, reads the statement.

It comprises three clusters designed to match existing and emerging standards and best practices in transport and trade facilitation with new concerns and demands arising from COVID-19 on cross-border freight transport operations and trade transactions.


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