Global Trade is interdependent between producing & consuming nations for all the goods defined in various sectors mentioned below.
These collaborations will benefit & enhance trade, business & Investments.
Food Security will be necessitated with global food scarcity and food wastage. The World has to adapt to new methods of farming, drip irrigation and have country to country collaborations in sharing of expertise for higher food productions and improved yield and quality.
Sustainable Vegan living will also aid in climate change.
New Collaborations between rich nations & poor nations for large scale farming will be a necessity.
The COVID - 19 Pandemic showed us all that how unprepared were the Developed Nations with their healthcare readiness in research, infrastructure and medications.
Developing nations also suffered due to lack of availability of medications and healthcare equipment.
Our Education systems must start prioritizing medical education to create more doctors, nurses and medical staff.
Technology transfer must be promoted.
New Global Shipping lines and Transportation Hubs are being created.
Superpower China is focusing on Belt Road Initiative & reviving the Old Silk Route.
Russia is working on new Water routes from Siberia via Arctic with Ice Melting, while Global Aviation Hubs are moving away from Western hemisphere to the Asian hemisphere with large freight Hubs concentrated in Singapore, Shanghai, Hong-Kong, Mumbai & Dubai.
Further Global Collaborations are essential.
From Gold as being a reserve currency for over 6000 years and Paper Currency backed by Gold Standard until 1970, the World has changed only in the last 50 years since debasing of gold standard by former US President Nixon.
Fiat Currency as we know, based on which the global banking and finance industry had thrived is nearing its end, with advent of plastic digital money since last few decades and now advent of digital currency. Global Central banks have to innovate for Central Bank Digital Currency (CBDC) as the only choice to avoid all the speculation in volatile and speculative virtual currency markets.
With USA now back in the Paris Climate Agreement and world realizing the need of clean energy. Companies, Government and People need to develop road-maps for Sustainable Earth.
Cooperation and partnerships need to be created and fostered for going away from coal and fossil fuel by 2050 and have innovation in clean energy usage.
Human Behavior for use of energy consumption needs to be changed for reduced carbon footprints. Partnership in carbon credit will be need for future businesses
With 100,000's of kilometres of development of road networks in countries like India, Russia and China. Millions have been taken out of poverty with development of High Speed Rails, Freight and Road Networks.
Trade bodies have to work with governments on priority of further development of policies where public private partnership shall be encouraged and investment in Infrastructure is promoted.
These shall results in economic growth and improvement in the living conditions of the population and ensuring jobs are created for everyone.
Same applies for the Real Estate Sector
While Large Industries will adapt to the new fourth industrial revolution for mass production of goods through use of robots and automation in their factories.
The world still has 78% of goods consumption made from small and medium enterprise (SME).
Focus and Collaborations between SME members of our trade body, shall assist in improving business growth and increase in trade felicitations.
Trade Seminars, Events & Exhibitions will create the opportunity for SME to Meet Large Corporations for enhancing new partnerships.
In developed countries like USA and UK, Service industry plays a vital role in boosting the economy & jobs.
Promotion of policies which helps in the growth of the industry has to be enhanced.
Ministerial level dialogue for job creation and policy enhancement should happen between nations for upliftment of the industry.
Promoting business meetings and events for the industry is key to further investment in this sector.
Post COVID 19, the most affected Industry which has seen the highest job losses and highest financial losses, will have to be revived with more collaborations and partnerships.
New Innovative ideas and use of technology and data, this industry can be revamped back to its glory within this decade.
Efforts to ensure World Tourism Organisation is supported for reviving the growth.
Partnership and Collaboration are the key
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