BREAKING NEWS, Business
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THE United Nations Conference on Trade and Development, UNCTAD 14, is currently meeting in Nairobi, Kenya to discuss domestic regulations that contribute to sustainable development by ensuring the safety of products and production processes that often present hurdles for international trade.
These Non-Tariff Measures, NTMS, disproportionately affects firms from developing countries, thereby hampering their integration into regional and global trade and their role in fostering sustainable economic and social development as a source of employment and innovation.
The UNCTAD roundtable will explore what can be done to decrease the trade cost impact of domestic regulation. Trade policy can be aligned with sustainable development objectives by actions including simplifying and enhancing the transparency regulatory and procedural requirements — especially within regional integration initiatives; helping compliance and extending the productive capacity of firms and coordinating the regulation design process such as to achieve regulatory coherence.
Lowering these hurdles for international trade can help firms from developing countries be winners from trade and catalysts for sustainable development.
Bashir Wali, Acting managing director of Nigerian Export Import Bank among others are attending the meeting n hs capacity as the honarary president of the Global Network of Export Import Banks and Development Finance Institutions, G-NEXID, which leadership he took over in April 2016 following the removal of Robert Orya as the managing director of NEXIM.
— Jul 19, 2016 @ 16:45 GMT
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