UN report: Reducing trade costs can help drive sustainable development

(Food and Agriculture Organisation Press Release) A robust and well-integrated global agrifood system can help all countries withstand unprecedented challenges, as evidenced during the COVID-19 pandemic in early 2020 when global agrifood markets proved to be remarkably resilient.

“Efficient trade can promote world food security and better nutrition,” said QU Dongyu, Director-General of the Food and Agriculture Organization of the United Nations (FAO) at an event today to   launch  The State of Agricultural Commodity Markets 2022 (SOCO 2022), an FAO flagship report.

“Trade can also help global agrifood systems use scarce natural resources, such as land and water, more effectively and sustainably and to diffuse modern technologies worldwide,” he added.

The ongoing war in Ukraine, affecting a region of great importance for worldwide food security, is increasing uncertainty, and raising the risk of fragmenting global agrifood markets and magnifying hunger threats, which were already very high because of COVID-19, countries in conflict and humanitarian crises across the world.

Read more at: Food and Agriculture Organisation

Source: CARICOM TODAY