China Champions Global Trade Multilateralism with UN Treaty

China Champions Global Trade Multilateralism with UN Treaty

China Champions Global Trade Multilateralism with UN Treaty In a significant move, the United Nations treaty on globally traded goods underscores China's commitment to true multilateralism, as stated by the Chinese commerce ministry on Wednesday.This comes as the United Nations General Assembly adopted the Convention on Negotiable Cargo Documents on Tuesday, designed to facilitate logistical changes for goods already in transit by various modes …

UN deal facilitates global trade

The United Nations Convention on Negotiable Cargo Documents creates, for the first time, a single document that can be used for trains, trucks and planes, allowing logistical changes to be made to goods already in motion. This means that valuable goods can be sold, re-routed or used to obtain financing during what could be a […]

UN deal delivers a smoother ride for global trade

Moving goods around the world could soon become cheaper, faster and far more flexible, following the adoption of a new United Nations-backed agreement that modernises the paperwork behind global shipping.