Amid recent slowdown in global trade, ‘green goods’ are the winning ticket

Global trade slowed down in the second half of 2022, but demand for environmentally friendly goods stayed strong, the UN Conference on Trade and Development, UNCTAD, said on Thursday. 

The global shipping industry has played a vital role in the global response to the COVID-19 pandemic, and demand for its services has limited the annual decline in maritime trade volumes to around 4.1 per cent in 2020, the UN Conference on Trade and Development (UNCTAD) said in its annual report on the shipping industry on Thursday. 

The global economy is at “a critical juncture”, with some economies thriving and expanding, while others falter and slow down, the UN’s trade and development body said on Wednesday.