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UNCTAD's conclusion is based on findings of the 2019 Global Survey on Internet Security and Trust on 25,229 internet users in select 25 countries in the world between December 21, 2018, and February 10, 2019.
However, the Unctad estimated that this would amount to less than $10 billion for the Philippines.
According to UNCTAD, the development is mainly owing to recent tax reforms in the U.S.
In line with the agreed conclusions adopted by the Intergovernmental Group of Experts at its sixteenth session on 7 July 2017, the consultations at the seventeenth session will focus on: Capacity-building activities and technical assistance implemented; Challenges faced by developing countries in competition and regulation in the maritime transport sector; Competition issues in the sale of audio-visual rights for major sports events; Voluntary peer review of the competition law and policy of Botswana; Reports on the UNCTAD Discussion Group on International Cooperation and the UNCTAD Repository of Best Practice Tools.
The accompanying chart shows the figures published by UNCTAD this month going back 22 years.
According to UNCTAD, the global decline was caused by both a fall in cross-border mergers and acquisitions and a substantial drop in returns for investors.
UNCTAD's E-Commerce Week, is an important forum for ministers, senior government officials, CEOs, international organizations, development banks, academics and civil society to discuss the agenda of carrying forward the development of e-commerce ecosystem.
As the competition can sometimes be a zero-sum game, UNCTAD strongly encourages cooperation in investments,' said James Zahn, Director of UNCTAD Division on Investment and Enterprise.
The Gambian Minister of Trade and Industry and Deputy Director of the Bureau of Foreign Investment Affairs of the United States also addressed meeting as well as a number of representatives of international organizations and member states at the UNCTAD.
This assurance was given by the UNCTAD SG, following consultations Minister Premajayantha had in Geneva last week with Senior Officials of the UNCTAD.
ARAB NEWS Hani Salem Sonbol, chief executive of ITFC, held a special meeting with Mukhisa Kituyi, UNCTAD secretary-general, in Geneva.
In a relevant development earlier in June, the United Nations Conference on Trade and Development (UNCTAD) in a recent report announced that Iran has attracted over $3.3 billion of foreign investments.
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- Unction of God