Author: Trade World

KIEV, Ukraine: Ukraine has signed a Pacific trade deal that will open new markets for its agricultural and industrial products, according to a statement released on Friday. The deal, which was signed on Thursday, will allow Ukraine to increase exports of its agricultural products such as wheat, corn, and barley to countries in the Pacific region. Additionally, the agreement will provide Ukraine with new opportunities to export its industrial goods, including machinery, steel, and chemicals. The Pacific nations involved in the agreement include Australia, New Zealand, and several other countries in the region. The deal is expected to significantly boost…

Geneva (ILO News): Child labor has risen significantly for the first time in two decades, according to a new report by the International Labour Organization (ILO) and UNICEF. The report warns that progress to end child labor has stalled for the first time in 20 years, reversing the previous downward trend that saw child labor decrease by 94 million between 2000 and 2016. The new estimates suggest there are now 160 million children in child labor, an increase of 8.4 million since 2016. This is the first time child labor has increased since 2000. Of these 160 million children: 79…

A new report by the World Economic Forum (WEF) has highlighted the impact of international trade policies on labor rights. The report, released on April 22, 2023, emphasizes the need for fair and equitable trade practices that prioritize the protection of workers’ rights. The report raises concerns that some countries may use trade policies to gain a competitive advantage at the expense of workers’ rights. This can lead to the exploitation of vulnerable workers and the use of practices such as forced labor and child labor. The report cites examples such as the use of forced labor in the production…