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Climate change is having a significant impact on trade in developing countries. As global temperatures rise and weather patterns become more extreme, these countries are facing increased challenges in terms of crop yields, natural resource availability, and infrastructure resilience. Further, as the more advanced economies introduce strategies to reduce their carbon emissions and achieve their net zero targets, this will put unequal pressure on the trading capacities of developing countries – which often forms the global hub for low-cost manufacturing like clothes from Bangladesh, sugar from Mozambique or cocoa from Rwanda or Ghana.
In this event, experts and policymakers from Africa and South Asia delve deeper to understand the impact of climate change on manufacturing and trade in these countries. They reflect on key questions like the role of cleaner technologies, climate finance and other adaptive mechanisms to help developing countries gain competitive advantages in exports, improve food security through imports and navigate their way through complex trading systems.