{"id":50873,"date":"2018-07-19T11:41:36","date_gmt":"2018-07-19T15:41:36","guid":{"rendered":"https:\/\/www.un.org\/sustainabledevelopment\/?p=50873"},"modified":"2018-08-28T17:07:24","modified_gmt":"2018-08-28T21:07:24","slug":"multilateral-trade-challenged-by-increasingly-unilateral-trade-measures-un-forum-hears-2","status":"publish","type":"post","link":"https:\/\/www.un.org\/sustainabledevelopment\/blog\/2018\/07\/multilateral-trade-challenged-by-increasingly-unilateral-trade-measures-un-forum-hears-2\/","title":{"rendered":"Multilateral trade challenged by \u2018increasingly unilateral trade measures,\u2019 Ä¢¹½ÊÓƵ forum hears"},"content":{"rendered":"

Mariana Ceratti\/World Bank | The Port of Salvador in All Saints Bay, Bahia, handles both cargo and cruise ships.<\/strong><\/p>\n

Despite the improved economic growth, risks to the economic outlook are rising, the United Nations economic and social affairs chief said on Thursday, warning against \u201cincreasingly unilateral trade measures\u201d that are challenging the multilateral trading system.<\/p><\/blockquote>\n

\u201cEfforts are needed to revitalize a global partnership for sustainable development to build a universal, rules-based, open, non-discriminatory and equitable multilateral trading system,\u201d said Liu Zhenmin, the Under-Secretary-General for Economic and Social Affairs, during a high-level policy dialogue with international financial and trade institutions, held at the Ä¢¹½ÊÓƵ Headquarters.<\/p>\n

\u201cStronger economic growth in itself is not sufficient to ensure that these gains are widely shared,\u201d he added.<\/p>\n

The dialogue was organized by the Ä¢¹½ÊÓƵ Economic and Social Council (ECOSOC) to exchange views and insights on trends in the global economy and international trade, in the context of sustainable development.<\/p>\n

Representatives of the International Monetary Fund (IMF), the World Bank Group, the World Trade Organization (WTO), the United Nations Conference on Trade and Development (Ä¢¹½ÊÓƵCTAD) and the Department of Economic and Social Affairs (DESA) offered their projections for economic growth, international trade and other trends and challenges.<\/p>\n

The 2030 Agenda for Sustainable Development and its 17 Goals (SDGs), adopted in 2015 by Ä¢¹½ÊÓƵ Member States, require transformative changes across all of the economic, environmental, and social spheres.<\/p>\n

\u201cAll in all, a mixed picture emerges from this frontier work on sustainable development scenarios. If we continue merely with incremental progress as in the past, lots of short-term progress might come at the expense of long-term deterioration in other areas,\u201d Mr. Liu said.<\/p>\n

The most recent forecast from the DESA\u2019s World Economic Situation and Prospects indicates that world economic output is expected to expand by 3.2 per cent in both 2018 and 2019.<\/p>\n

\u201cThis improvement reflects a further uptick in the growth outlook for developed economies in 2018. It comes on the strength of accelerating wage growth, broadly favourable investment conditions, and the short-term impact of a fiscal stimulus package in the United States,\u201d he noted.<\/p>\n

The generally positive macroeconomic conditions create the basis for policymakers to take measures that will help to make meaningful progress towards the Sustainable Development Goals (SDGs)\u2013 which aim to eradicate poverty and hunger and protect the environment \u2013 and offer an opportunity to raise living standards on a broad scale, especially in developing regions.<\/p>\n

\u201cHowever, in parallel with the improvement in economic growth, we have seen a rise in risks to the economic outlook,\u201d he said, warning that \u201cincreasingly unilateral trade measures are challenging the multilateral trading system.\u201d<\/p>\n

Mr. Liu also said that the recent acceleration in economic growth also comes with an environmental cost, and at the current rate, efforts to combat climate change are insufficient to meet the objectives of the 2015 Paris Agreement, which commits countries to keep the rise in carbon emissions from the dawn of the industrial era, to below 2 degrees Celsius.<\/p>\n

Original article at: https:\/\/news.un.org\/en\/story\/2018\/07\/1015142<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Mariana Ceratti\/World Bank | The Port of Salvador in All […]<\/p>\n","protected":false},"author":230,"featured_media":50874,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[25,4,29],"tags":[],"class_list":["post-50873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-partnerships","category-news","category-sustainable-development-agenda"],"_links":{"self":[{"href":"https:\/\/www.un.org\/sustainabledevelopment\/wp-json\/wp\/v2\/posts\/50873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.un.org\/sustainabledevelopment\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.un.org\/sustainabledevelopment\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.un.org\/sustainabledevelopment\/wp-json\/wp\/v2\/users\/230"}],"replies":[{"embeddable":true,"href":"https:\/\/www.un.org\/sustainabledevelopment\/wp-json\/wp\/v2\/comments?post=50873"}],"version-history":[{"count":0,"href":"https:\/\/www.un.org\/sustainabledevelopment\/wp-json\/wp\/v2\/posts\/50873\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.un.org\/sustainabledevelopment\/wp-json\/wp\/v2\/media\/50874"}],"wp:attachment":[{"href":"https:\/\/www.un.org\/sustainabledevelopment\/wp-json\/wp\/v2\/media?parent=50873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.un.org\/sustainabledevelopment\/wp-json\/wp\/v2\/categories?post=50873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.un.org\/sustainabledevelopment\/wp-json\/wp\/v2\/tags?post=50873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}