UNCTAD

abbreviation

1. United Nations Conference on Trade and Development

Example Sentences

Trade and Development, formerly known as UNCTAD, said the value of money owed by governments rose by $5.6 trillion from 2022.

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Jan Hoffmann, a trade expert at the United Nations Conference on Trade and Development known as UNCTAD, warned that shipping costs have already surged and energy and food costs are being affected, raising inflation risks.

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Hoffmann, who heads the trade logistics branch at Geneva-based UNCTAD, told a video press conference with U.N. reporters that the Houthi attacks are taking place at a time when other major trade routes are under strain.

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“Developing countries need agency and urgency in coming up with the right policy responses” to help the growth of green technology in their own nations, said Shamika Sirimanne, UNCTAD’s director of technology.

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The U.N.’s agency for trade and development, or UNCTAD, said that unless the international community and national governments actively tend to green tech industries in developing countries, the benefits associated with lower-emission technologies will be near inaccessible for many poorer nations particularly in Latin America, the Caribbean and sub-Saharan Africa.

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