{"id":9165,"date":"2020-08-06T10:14:45","date_gmt":"2020-08-06T10:14:45","guid":{"rendered":"http:\/\/deshmediabd.info\/?p=9165"},"modified":"2020-08-06T10:14:45","modified_gmt":"2020-08-06T10:14:45","slug":"un-trade-meet-is-chance-to-reset-world-economy-host","status":"publish","type":"post","link":"https:\/\/deshnews24.info\/?p=9165","title":{"rendered":"UN trade meet is chance to reset world economy: host"},"content":{"rendered":"

The postponed ministerial gathering of the UN Conference on Trade and Development will take place in Barbados in April 2021, organisers said Wednesday, tasked with rebuilding economies battered by the coronavirus crisis.<\/p>\n

The quadrennial UNCTAD conference will be a \u201cwindow of opportunity\u201d to reset the way international trade operates, organisers said.<\/p>\n

The UN organisation\u2019s 15th ministerial conference was initially scheduled for October 2020 in Barbados but was postponed because of the COVID-19 pandemic.<\/p>\n

It will now be held in the Caribbean island\u2019s capital Bridgetown next April 25-30.<\/p>\n

\u201cThe COVID-19 global emergency and its extreme repercussions have exposed the need for a fundamental rethinking of many of the assumptions that previously underpinned the international economic order,\u201d Mia Mottley, the prime minster of Barbados, said at a virtual signing ceremony for the hosting agreement.<\/p>\n

\u201cThe crisis has provided the UNCTAD membership with a unique opportunity to be at the forefront of the new thinking and radical policy corrections that the situation now requires,\u201d she added.<\/p>\n

The conference is the highest decision-making body of Geneva-based UNCTAD, which counts 195 member states and reports to the UN General Assembly.<\/p>\n

Besides the climbing death toll \u2014 now above 700,000 \u2014 the pandemic has caused deep economic damage around the world.<\/p>\n

\u201cThe global trading system has been woefully unprepared for this global health crisis,\u201d said UNCTAD Secretary-General Mukhisa Kituyi.<\/p>\n

\u201cUNCTAD 15 will shape the ambitions for a better recovery. Countries have realised the devastating limits of current development practices,\u201d the Kenyan former trade minister said.<\/p>\n

\u201cThis gives us a window of opportunity to build the political will towards the systemic changes needed for truly better recovery, despite the current steep obstacles to international solidarity,\u201d he said.<\/p>\n

According to UNCTAD\u2019s estimates, developing countries need $2.5 trillion immediately to start tackling the damage caused by the pandemic.\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

The postponed ministerial gathering of the UN Conference on Trade and Development will take place in Barbados in April 2021, organisers said Wednesday, tasked with rebuilding economies battered by the coronavirus crisis. The quadrennial UNCTAD conference will be a \u201cwindow of opportunity\u201d to reset the way international trade operates, organisers said. The UN organisation\u2019s 15th […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,14],"tags":[],"class_list":["post-9165","post","type-post","status-publish","format-standard","hentry","category-4","category-14"],"_links":{"self":[{"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/posts\/9165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/deshnews24.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9165"}],"version-history":[{"count":1,"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/posts\/9165\/revisions"}],"predecessor-version":[{"id":9167,"href":"https:\/\/deshnews24.info\/index.php?rest_route=\/wp\/v2\/posts\/9165\/revisions\/9167"}],"wp:attachment":[{"href":"https:\/\/deshnews24.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/deshnews24.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/deshnews24.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}