Factory for the manufacture of clothing in Vietnam. Interview | The UN is called not to introduce tariffs against developing countries Conor Lennon Economic development While the governments are trying to cope with the consequences of trade tariffs, Rebka Greenpespan, the head of the UN Conference in Trade and Development, said on Thursday in an interview with the UN news service that the poorest countries that do not have a significant impact on the US trade deficit should be exempted from paying taxes. on Tuesday the UN Secretary General Antoniu Guterres appreciated the trade wars as a “negative” phenomenon and warned that the effect of tariffs can be “destructive.” ~ 60 > tariffs are an import tax that is usually charged from an exporter in the form from value. These are additional expenses for companies that are often transferred to the consumer. In an interview with & NBSP; Financial Times, published on Thursday morning, the head of the UN Green Span’s trade agency called for its strategy, noting that the least developed countries have less than two percent of the US trade deficit, and that higher tariffs will be aggravated by the long -term crisis in these states. 60 > in a conversation with the UN news service Greenpespan talked about how the Junctad supports developing countries and advocated closer regional trade Relations. 60 ~ p > UN news service: the two largest economies in the world, the USA and China are in the process of introducing huge trading tariffs for each other. What, in your opinion, this will have the consequences of ? ~ 60 > ribs greenspan: 62 > 62 > 62 > 62 > 62 > 62 > 62When the two main world economies introduce tariffs, this will affect everyone, and not just the economies involved in the tariff war. We have already encountered a “new norm” of low stature and high debt, and we are concerned that the world economy will slow down. ~ 60 > we focused on what can happen with countries that are more vulnerable, such as the least developed countries and small island developing states. What is happening with these countries is very worried. ~ 60 > UN news service: some experts say that what is happening can be the end of the post -war international financial system. Whether these fears are justified ?~ 60 > Ribka Green Span: We still do not know what will happen. We are trying to provide the public with a real report on what is actually happening and what still remains just with conversations. 60 ~ p >The most important point is the problem of uncertainty. If we know the final position, we adjust it, we will have strategies, and we will be able to see how to live with decisions made. But if we have a long period of uncertainty, when everything is constantly changing, it will cause damage, because we do not know what to do. Investments are paralyzed because the general directors decided to “sit and wait”, which means that investments will not return on the scale that the world needs. ~ 60 > 60 > our first call is to make rational decisions so that we can plan, develop strategies and adapt to changes. 60 ~ p > UN news service: you speak out that the poorer are eliminated from raising tariffs. Your sentences were heard ?~ 60 > rib Greenspan: 62 > 62 > 62 > 62 > 62 > 62 > 62 ~I did not hear someone to conduct an analysis contrary to ours. He proves that these countries do not actually make any contribution to the US trade deficit. Most of the exports that they send to the United States are raw materials, and many of them are exempted from tariffs in accordance with the new rules. These goods do not compete with the United States, but rather help in production processes. 60 > I want to emphasize that there are a number of countries that do not really contribute to the deficit, are not important from the point of view of income [which the United States can receive from tariffs] and are not competitors or threats of national security USA. 60 > so, perhaps we can avoid new bilateral agreements and negotiations and save them from tariffs. > UN news service: what advice could you give production Workers in a developing country, for example, Vietnam or Madagascar ? 62 > 62 > 62 ~ ribs greenspan: it’s hard to say, because higher tariffs have been introduced in relation to some countries, and therefore we don’t know what effect it will have on competitiveness. > Madagascar is a good example of that, about that, about that, about that, about What we say because the main export of the country in the United States is Vanilla. Their contribution to the US trade deficit is so small that it is not even registered, therefore it makes no sense to punish such & nbsp; country. ~ 60 > 60 > UN news service: Explain what kind of Juncation plays in supporting developing Countries ?~ 60 > 60 ~ 60 > rib Greenspan: as an organization, we analyze the trade, investment, funding and technology from the point of view of development. This means that we help the countries use the capabilities of trade. We do not participate in trade negotiations – they take place in the World Trade Organization – but we will help developing countries to conclude more profitable transactions in the trading sector and achieve better economic results. 60 > UN news service: you advocated the development of trade between developing country In regional blocks, where they can have more influence in negotiations with richer countries. Whether it will be useful in the current situation ?~ 60 > Ribka Greenpespan: African in the African zone of free trade. According to our estimates, cooperation can add about three trillions of dollars to the African economy. ~ 60 > these are huge opportunities, and if they [African countries] can accelerate pace, they will be able to use the advantages of a larger market and achieve a large economic scale. African countries need to diversify their economy, because if they continue to depend on raw materials, they will not be able to provide their population with services and income that it deserves. ~ 60 > 60 > there is also a deepening of trade relations in the South-Eastern Asian (Association of Southeast Asian) and in some parts of Latin America – within the framework of Merkosur (the general market of the countries of South America). ~ 60 > these partnerships can be very important, especially at the moment.