Archive for the ‘Economic Development’ Category

In a determined move, the chemical industry is gearing up for a remarkable resurgence as it targets $35 billion in export revenues this year, signifying a robust 14 to 15 percent increase from the previous year’s figures, which saw a decline of 8.7 percent, amounting to $30.57 billion in export revenues.   Adil Pelister, President […]

In a notable economic update, President Maduro announced that Venezuela’s economy, which experienced a 5% growth in 2023, is set to reach an impressive 8% this year. This positive outlook comes amidst the country’s prolonged economic challenges, including triple-digit inflation and a significant emigration of millions seeking better opportunities abroad.   Although Venezuela’s inflation rate […]

In a remarkable achievement, Norway’s seafood exports marked a historic milestone, reaching a record NOK 172 billion (£13 billion) for the past year. The figures, released by the Norwegian Seafood Council, revealed a notable increase of NOK 20.7 billion (almost £1.6 billion), representing a substantial 14% growth compared to 2022.   Seafood continues to be […]

The Sub-Committee on Least Developed Countries (LDCs) convened on December 13, where World Trade Organization (WTO) members celebrated Bhutan’s commitment to reinvigorate negotiations for WTO accession and extended their heartfelt congratulations on Bhutan’s graduation from Least Developed Country (LDC) status. During the meeting, the United Nations Committee for Development Policy provided an update on the […]

In an endeavor to lay the groundwork for the 13th Ministerial Conference (MC13), the chair of the fisheries subsidies negotiations, Ambassador Einar Gunnarsson of Iceland, inaugurated the final “Fish Week” of 2023 on December 4th. The primary objective of this week is to propel the work towards a favorable outcome.   Ambassador Gunnarsson has taken […]

Latin America and the Caribbean have yet to fully tap into the potential of international trade, which is a crucial driver of growth for emerging market economies, according to a recent report by the International Trade Council. Despite some progress in trade openness, the region continues to face challenges such as inadequate infrastructure, cumbersome customs […]