“Where are we heading? Visions and projections for the future of the SDGs” – Trends in the global economy and international trade and finance

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http://www.cbc.bb/index.php/component/k2/item/1096-caribbean-urged-to-focus-on-international-trade-to-ensure-region-s-growth

This meeting is about the current trend of international trade and its influence on the future of the SDGs. In the opening remarks, Mr. Liu Zhengmin, Under-Secretary-General for Economic and Social Affairs, alerted the world leaders of the future scenario. He named a few topics of concerned, including the rapid population growth in the least developed countries, the acceleration of urbanization, the limited use of renewable energy in comparison with fossil fuel and pollution in air, water and soil. He warned that acceleration of economic growth comes with environmental costs.

During the panel discussion, panelists gave their analysis of how SDG could be better implemented given current trend in global economy. Mr. Mukhisa Kituyi, Secretary-General of UNCTAD, argued that countries need to create a framework for business to incentivize them to invest in sustainable development. Mr. Liu Zhengmin contended that UN bodies and national governments should work with academia to develop a new concept of trade. Ms. Alicia Bárcena, current Coordinator of United Nations Regional Commissions, focused on the cases in Latin American. Seeing tax evasion, she demanded to convene the private sector at the national level as a basis for sustainable development. Mr. Masamichi Kono, Deputy Secretary-General of OECD, pointed out the widening income gap and called for inclusive growth. Lastly, speakers from the World Bank, IMF and WTO acknowledged the impact of technology on economy. They argued that job creation is key to the achievement of SDGs.

Meeting: 2018 ECOSOC High-level Policy Dialogue “Where are we heading? Visions and projections for the future of the SDGs” – Trends in the global economy and international trade and finance

Date/Location: Thursday 19th July 2018; 10:00-11:45; Economic and Social Council Chamber, United Nations Headquarters, New York.

Speakers:

Mr. Radek Vondráček, Speaker of the Chamber of Deputies of the Czech Republic;

Mr. Liu Zhengmin, Under-Secretary-General for Economic and Social Affairs;

Mr. Michael Shank, Communications Director, Carbon Neutral Cities Alliance and Urban Sustainability Directors Network;

Mr. Mukhisa Kituyi, Secretary-General, UNCTAD;

Ms. Alicia Bárcena, Executive Secretary of ECLAC, and current Coordinator of United Nations Regional Commissions;

Mr. Masamichi Kono, Deputy Secretary-General of the OECD;

Mr. Bjorn Gillsater, Special Representative of the World Bank Group to the UN;

Mr. David Robinson, Deputy Director, African Department, International Monetary Fund;

Mr. Robert The, Chief of Section, Economic Research and Statistics, World Trade Organization.

Written by WIT representative Vivian Wang

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