Role of Trade in reducing Food Insecurity and preventing famine examined by UNCTAD Report | Current Affairs | Vision IAS
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Role of Trade in reducing Food Insecurity and preventing famine examined by UNCTAD Report

Posted 10 Jan 2025

2 min read

The report analyses various drivers of food insecurity and how can trade play a mitigating role in addressing these challenges 

Role of Trade 

  • Sustainable supplies can ensure food availability: E.g. 30% of Africa’s cereal needs are met through imports
  • Stabilizing prices and markets: E.g. Black Sea Initiative (brokered by UN and Türkiye) during Russia-Ukraine war facilitated food and fertilizer exports

Challenges

  • Higher costs: E.g. non-tariff measures, such as sanitary standards, can increase food import costs by 20%.
  • High Import dependency: It exposes countries to global price hikes and supply chain disruptions. 
  • Rising transportation costs: It affects developing and least developed countries disproportionately.

Recommendations 

  • Reach a “Short Term Export Facilitation Mechanism to Combat Severe Food Insecurity” at international forum, such as WTO 
  • Reduce trade barriers & boost export capacities of food insecure countries.
  • Invest in trade infrastructure such as ports, transport networks and storage facilities to shorten supply chains and reduce vulnerabilities to global disruptions especially for low-income countries.
  • Support climate-smart and sustainable farming in developing countries.

Factsheet

  • >280 million faced acute hunger whereas ~733 million faced chronic hunger (2023)
  • Without urgent action, 582 million could be chronically hungry by 2030.

Drivers of global hunger

  • Armed conflict: affected 5 million people in 20 countries(2022)
  • Climate change: It has led to reduction in agricultural productivity by 21% since 1961.
  • Urbanization: It is blurring lines between rural and urban areas thereby impacting agrifood systems

 

 

  • Tags :
  • UNCTAD
  • Trade and Hunger
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