By Xiangchen Zhang – African nations and the world’s least-developed countries (LDCs) have much to gain from the development of new “green” value chains and a global surge in services trade. They offer pointers on how developing economies can grasp opportunities from the green transition and global swing to services by using World Trade Organization (WTO) processes to argue more proactively for supportive trade policies in strategic sectors. They also highlight how services trade can complement trade in goods. Tapping opportunities here will require African governments – and their international partners, including through Aid for Trade – to invest in digital infrastructure and skills, and to push for further opening services trade. She highlights concerns that developed economies are pushing through unilateral, uncoordinated green trade measures whose high compliance costs exclude LDCs from participating in greening trade.

Source: News Business Ethiopia July 25, 2024 21:18 UTC