A seminar on “Building greener and more Resilient Supply Chains” was held in Geneva as part of the World Trade Organisation (WTO) Public Forum 2024.

It was co-hosted by the China Council for the Promotion of International Trade (CCPIT) and the International Trade Centre (ITC).

The four-day public forum would feature over 130 sessions with nearly 4,400 participants from government, business, academia, and civil society.

CCPIT Chairman Ren Hongbin said that today’s globalised economy created both opportunities and challenges.

He emphasised the need to embrace openness and inclusiveness while upholding true multilateralism.

He also stressed that building greener and more resilient supply chains was crucial to addressing global challenges.

ITC Deputy Executive Director Dorothy Tembo underscored the ITC’s commitment to collaborating with partners to offer technical assistance to small and medium-sized enterprises (SMEs).

It would offer assistance, especially to those in developing countries, to tap into the potential of cross-border e-commerce.

She said the goal was to build greener supply chains and reduce the carbon footprint of e-commerce, thereby contributing more to sustainable development.

In its Digital Economy Report 2024, the United Nations Conference on Trade and Development (UNCTAD) emphasised the urgent need to adopt an environmentally sustainable and inclusive digital strategy, said UNCTAD’s head of E-Commerce and Digital Economy.

Torbjorn Frederick stressed that China had issued innovative guidelines promoting the sustainable development of the digital economy. 

– Xinhua

The U.S. military struck two facilities in eastern Syria used by Iran’s Islamic Revolutionary Guard Corps (IRGC) and Iran-affiliated groups in response to “continued attacks” against U.S. personnel in Iraq and Syria, the Pentagon said on Sunday.

The strikes were conducted against a training facility in Abu Kamal and a safe house in Mayadin in the eastern governorate of Deir Ezzor, U.S. Defense Secretary Lloyd Austin said in a brief statement.

The U.S. struck similar targets in eastern Syria in October and earlier in November.

Pro-Iranian militias have intensified their attacks on U.S. military bases in Syria and Iraq in recent weeks as a response to the Israeli military campaign in Gaza.

The security situation in the entire region has been particularly tense since Oct. 7, when Hamas militants staged deadly attacks in southern Israel.

Israel is responding with an overwhelming air and ground offensive in Gaza.

As a deterrent, the U.S. has moved more weapons systems, warships and air squadrons to the Eastern Mediterranean, and is deploying several hundred troops to the Middle East to support US units there.

U.S. President Joe Biden had ordered Sunday’s action to make it clear that the U.S. was defending itself, its personnel, and its interests, Austin stressed.

The U.S. is prepared to take further necessary measures to protect its own people and interests.

• dpa

…Pledges additional $90 million***

Vladimir Putin, the Russian President, says the Russian Government has written off $23 billion debt burden of African countries.

Putin spoke at the plenary session of the ongoing second Russia–Africa Summit 2023 held from July 27 to July 28.

He said Moscow would allocate an additional $90 million for these purposes.

Putin said Russia was advocating the expansion of representation of African countries in the UN Security Council and other UN structures.

“Russia and Africa strive to develop cooperation in all areas and strengthen ‘honest, open, constructive’ partnership.

“Russia will also assist in opening new African embassies and consulates in Russia,” he said.

According to him, the reopening of embassies in Burkina Faso and Equatorial Guinea is going as planned.

He said sovereignty was “not a one-time achieved state,” and it must be constantly protected.

Putin also offered assistance to Africa in countering threats such as terrorism, piracy, and transnational crimes adding that it would continue to train personnel from African countries.

He assured that Russian businesses have a lot to offer partners from Africa.

Putin said transition to national currencies and the establishment of transport and logistics chains would contribute to the increase in mutual trade turnover.

“Russia is ready to provide trade preferences to Africa, support the creation of modern production sectors, agricultural sector, and provide assistance through relevant international structures and agencies.

“Russia will always be a responsible international supplier of agricultural products,” he said.