BAKU, Azerbaijan, March 13. We have witnessed about 3,200 trade-damaging restrictions over the past years, Secretary General of the United Nations Conference on Trade and Development (UNCTAD) Rebeca Grynspan said at the panel discussion on "Geopolitical Shifts: Responsible Partnerships versus Rivalry" within the framework of the XII Global Baku Forum in Azerbaijan, Trend reports.
As per her analysis, a staggering 95 percent of the alerts
processed by UNCTAD in the fiscal year 2024 pertained to
trade-restrictive measures that adversely impact market
dynamics.
In discussing the climate emergency, the secretary-general
articulated that without a substantial allocation of
resources—specifically, an 80 percent investment in renewable
energy and the energy transition—it will be unfeasible to
effectively tackle the climate crisis.
The XII Global Baku Forum is scheduled to take place from March 13 to 15, 2025.
The forum is organized by the Nizami Ganjavi International Center and will be held under the theme "Rethinking World Order: Turning Challenges into Opportunities".
Discussions will focus on key global issues, including geopolitical shifts, multilateralism, the global health crisis, recovery and regional stability, COP29, and more.
The forum is expected to bring together over 300 world leaders from more than 60 countries, including more than 25 former presidents, over 15 former prime ministers, around 10 UN and international agency heads, and over 25 former ministers and deputy ministers.
Stay up-to-date with more news on Trend News Agency's WhatsApp channel