Amid rising inflation and debt levels in emerging markets, G7 leaders pledged in June to raise $600bn in private and public funds over five years to finance infrastructure in developing countries and counterbalance the influence of China’s sweeping Belt and Road Initiative (BRI).
As part of plans to expand and diversify its global trade partners, the GCC has launched negotiations with the UK on a free trade agreement that is expected to bolster the bloc’s economy, help attract investment and provide greater opportunities for local businesses.
As countries face record-high food prices, inflationary pressures and other challenges associated with the economic recovery from the Covid-19 pandemic, the 164 members of the World Trade Organisation (WTO) came together in June to pen several trade agreements to help address some of the world’s most pressing issues.
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