UN trade report highlights impact of loss of land and resources to Palestinian economy

12 September 2017 – Agricultural output in the Occupied Palestinian Territory decreased by 11 per cent and the sector’s gross domestic product (GDP) share fell 0.5 per cent between 2015 and 2016 on the back of sparse utilization of cultivatable land, lack of irrigation and a ban on the import of suitable fertilizers by Israel, according to a report released by the United Nations Conference on Trade and Development (UNCTAD).

“The fact that, today, real GDP per capita in the Occupied Palestinian Territory is at the same level as in 1999 is a clear indication of the human cost and lost economic potential resulting from occupation,” UNCTAD said in a news release on the report on Assistance to the Palestinian People: Developments in the Economy of the Occupied Palestinian Territory.

According to the UN agency, economic growth in all sectors is constrained by the loss of land and resources to Israeli settlements and the annexation of land in the West Bank. The situation is further exacerbated by restrictions on the import of essential inputs, driving up production costs, depressing investment, and leading to high unemployment and widespread poverty.

“This looks set to continue in 2017,” it added.

In the news release, UNCTAD also noted that reconstruction activities have been slow, with only half of the $3.5 billion pledged at the 2014 Cairo Conference on Palestine – Reconstructing Gaza, disbursed. Additionally, 84 per cent of total recovery needs remain unmet.

Furthermore, about 80 per cent of Gaza’s population receive food assistance and other forms of social transfers, half of the population is food insecure and only 10 per cent have access to an improved water supply, noted UNCTAD, highlighting that the region’s electricity crisis has left people without power for up to 20 hours per day in early 2017.

“This cripples all economic activities and the delivery of vital services, especially health services, water supply and sewage treatment,” it noted.

UNCTAD also reported that the Palestinian economy saw a 38 per cent drop in donor support between 2014 and 2016, due in part to the occupation preventing previous aid flows from translating into tangible development gains.

General Assembly opens 72nd session with focus on the world’s people

12 September 2017 – The United Nations General Assembly today opened its 72nd session, with an emphasis on striving for peace and a decent life for all on a sustainable planet.

“The UN was created for people,” Miroslav Lajčák said in his first address as President of the General Assembly. “The people who need the UN the most are not sitting in this hall today. They are not involved in the negotiation of resolutions. They do not take the floor at high-level events. It is one of the tasks of the General Assembly to make sure that their voices can still be heard.”

Ahead of today’s opening, the career diplomat from Slovakia spoke to UN News about his hopes for his one-year tenure, and said that conflict prevention and migration would top his agenda. Check out the full interview.

In today’s address, he noted that while it was “impossible” to select one priority for the UN to focus on this year, his aim will be to strive for balance, so that all points of view are represented.

He also stressed quality and transparency in his future work.

Mr. Lajčák takes the reins one week before the start of the high-level General Assembly debate, and said he hoped the 193 UN Member States participating would treat each other with diplomacy and mutual respect.

Speaking to reporters later in the day, Mr. Lajčák reiterated the importance of using the world body to assist people around the world.

Addressing the opening of the General Assembly, Secretary-General António Guterres also emphasized the importance of focusing on people in the UN’s work and underscored his proposed reforms to streamline the Organization.

“People around the world are rightly demanding change and looking for governments and institutions to deliver,” he said. “We all agree that the United Nations must do even more to adapt and deliver. That is the aim of the reform proposals that this Assembly will consider.”

He added that one key change within and beyond the UN must be the empowerment of women and girls around the world, and highlighted his own roadmap for achieving gender parity.

Much of the planet’s land severely degraded owing to increased consumption, UN warns

12 September 2017 – A new United Nations report warns that a third of the planet’s land is now severely degraded thanks to a doubling in the consumption of natural resources over the past 30 years.

Some 15 billion trees and 24 billion tonnes of fertile soil are lost each year, according to the Global Land Outlook (GLO), launched today by the secretariat of the UN Convention to Combat Desertification (UNCCD), at the meeting of States parties taking place in Ordos, China.

The GLO takes a critical look at financial and socio-economic values of land, and its impact on the poor. It marks the first in-depth analysis of land functions viewed from multiple lenses such economic growth and global trade patterns, highlighting the inextricable links between land, these sectors, and the people that can work to save it.

“Smallholder farmers, women and indigenous communities are the most vulnerable, given their reliance on land-based resources, compounded by their exclusion from wider infrastructure and economic development,” stated a news release issued by UNCCD.

Monique Barbut, the Executive Secretary of the UNCCD, said at the launch that land degradation and drought are global challenges and intimately linked to most, if not all aspects of human security and well-being, particularly food security, employment and migration.

“As the ready supply of healthy and productive land dries up and the population grows, competition is intensifying, for land within countries and globally,” she pointed out.

More than 60 countries have established national land degradation baselines and set neutrality targets.

In an effort to slow land degradation and maintain productive soil, over 110 countries have joined a global campaign to achieve the Sustainable Development Goal target of reaching land degradation neutrality by 2030 a national target for action.

Brazil, China, India, Nigeria, Russia and South Africa are among those that have committed to the national targets during the meeting in Ordos, a significant move for some of the world’s largest and most populous nations that could mean regaining resources, job security and resilience to climate change.

Ms. Barbut noted that with the human population growing an extra 200,000 people daily, and 20 countries declaring drought emergencies over the last 18 months, there are unforeseeable challenges.

“We were clearly not sufficiently prepared for these challenges,” she said. “Hundreds of millions of people go to bed desperate, hungry and thirsty as a result. Under business-as-usual scenarios, there is no future relief.”

News story: Reino Unido Participa en Agrofuturo 2017 con temas de Agrotecnología y Sostenibilidad

La experiencia británica de talla mundial en temas de agro se destacará en Agrofuturo 2017 , la plataforma de negocios y conocimiento líder para el sector agropecuario en América Latina. Durante este evento participaremos con una delegación comercial de empresas británicas que ofrecen soluciones innovadoras relacionadas con el agro. Igualmente, expondremos sobre los proyectos Ganadería Colombiana Sostenible y Semillas del Futuro, ambos financiados por el Reino Unido.

Ganadería Colombiana Sostenible:

  • Su propósito es promover la adopción de sistemas de producción silvopastoriles en fincas ganaderas para mejorar la gestión de los recursos naturales, incrementar la prestación de servicios ambientales (biodiversidad, suelo, agua y retención de carbono), y elevar la productividad en las fincas participantes. Desde 2010, el gobierno británico ha aportado £15 millones de libras esterlinas, administradas por el Banco Mundial.
  • Como resultado, más 40 mil hectáreas de los predios participantes del proyecto tienen prácticas sostenibles, transformando la manera tradicional y extensiva de hacer ganadería, por una más productiva y en sintonía con la naturaleza. Además, cerca de 2700 ganaderos que decidieron inscribirse a través de convocatorias públicas en 12 departamentos, hacen parte del proyecto aprendiendo estrategias que luego implementan en sus predios.

Semillas del Futuro:

  • Planea reemplazar las actuales instalaciones del banco de germoplasma del CIAT, en su sede principal cerca de Palmira, transformándolo en un centro de recursos genéticos del siglo XXI que no solamente conserve la diversidad de cultivos, sino que además investigue y promueva activamente su uso para el mejoramiento de los cultivos, la adaptación al clima y la seguridad alimentaria. Esta iniciativa es implementada por el Centro Internacional de Agricultura Tropical CIAT en alianza con el Consejo de Investigación en Biotecnología y Ciencias Biológicas del Reino Unido. Nuestro Embajador Peter Tibber anunció en marzo pasado una contribución de £1 millón de libras a esta iniciativa.

Los invitamos a seguir nuestras redes sociales con toda la información de este evento:

Twitter @UKinColombia Facebook UK in Colombia

ESMA updates Q&A on MiFID II implementation

The purpose of this document is to promote common supervisory approaches and practices in the application of MiFID II and MiFIR in relation to market structure topics. It provides responses to questions posed by the general public and market participants in relation to the practical application of MiFID II and MiFIR on:

  • Timing and procedure of notification for temporary opt-out under Article 36(5) MiFIR
  • Exemptions under Article 36(5) and Article 54(2) of MiFIR
  • Timing of application for transitional arrangements under Article 54(2) of MiFIR
  • Limitation of access rights following exemption under Article 36(5) of MiFIR

The Q&A mechanism is a practical convergence tool used to promote common supervisory approaches and practices. ESMA will periodically review these Q&As on a regular basis to update them where required and to identify if, in a certain area, there is a need to convert some of the material into ESMA Guidelines and recommendations.