Commodity Dependence Runs Deep: Developing Countries Must Add Value to Turn the Tide - Caribbean News Global

Developing countries urged to add more value

The world still has a long way to go in breaking commodity dependence, a situation where a country makes more than 60% of its merchandise export earnings from commodities. Such goods can be broadly categorised into three categories: energy, mining and agriculture – be it the wheat or coffee that we consume, or metals like copper and lithium that help power our daily lives. But entrenched reliance on these primary products – long been of global c…

Commodity dependence runs deep: Developing countries must add value to turn the tide - Caribbean News Global

GENEVA, Switzerland – The world still has a long way to go in breaking commodity dependence, a situation where a country makes more than 60 percent of its merchandise export earnings from commodities. Such goods can be broadly categorized into three categories: energy, mining and agriculture – be it the wheat or coffee that we consume, or metals like copper and lithium that help power our daily lives. But entrenched reliance on these primary pro…

Developing countries advised to add value, end commodity dependence – New Business Ethiopia

A new report by the UN Trade and Development (UNCTAD) advised developing countries including Ethiopia, which exports over 80% of its commodities in raw form, to end their dependence on raw commodity export and add value to make their economies resilient to shocks. Commodities are a vital engine for global trade, contributing one third of […]