World Export Day and the role of women in international trade

The concept of World Export Day was first proposed by the International Trade Center (ITC) in 2016. The ITC is a joint agency of the World Trade Organization (WTO) and the United Nations Conference on Trade and Development (UNCTAD).

World Export Day and the effective role of women in export:

The slogan of this year's World Export Day is "Empowering Women in International Trade". This highlights the important role women play in driving export growth and promoting gender equality in business. According to the ITC, women-owned businesses account for about 30% of all registered businesses globally, but only 1% of these businesses export. By empowering women to participate in international trade, we can help increase economic opportunities and meet the needs of different communities.

The theme for this year's World Export Day is "Empowering Women in International Trade". This theme highlights the crucial role that women play in driving export growth and promoting gender equality in trade. According to the ITC, women-owned businesses represent around 30% of all registered businesses globally, but only 1% of these businesses are exporting. By empowering women to participate in international trade, it can lead to increased economic opportunities and contribute to poverty reduction.

Exporting plays a significant role in boosting economic growth, creating jobs, and reducing poverty. It allows countries to access new markets, diversify their economies, and increase their competitiveness. According to the WTO, global merchandise exports reached $19.48 trillion in 2020 despite the challenges posed by the COVID-19 pandemic. This shows that international trade remains resilient and essential for economic recovery.

On World Export Day, various events are organized globally to raise awareness about the benefits of exporting. These events include seminars, workshops, webinars, conferences, and trade fairs. They provide a platform for governments, businesses, and individuals to share their experiences and best practices in international trade.

Governments also use this day as an opportunity to showcase their export policies and initiatives aimed at promoting exports. For instance, India's Ministry of Commerce organizes an annual event called "India International Trade Fair" to promote the country's exports and attract foreign investment.

In addition to promoting economic growth, exporting also has a positive impact on the environment. The ITC estimates that every $1 billion in exports generates 5,000 jobs and reduces carbon emissions by 0.2%. This is because exporting encourages the use of more sustainable production methods and technologies.

However, there are also challenges associated with exporting, such as trade barriers, lack of access to finance, and inadequate infrastructure. Therefore, on World Export Day, stakeholders also discuss ways to address these challenges and promote a more inclusive and sustainable trading system.

In conclusion, World Export Day serves as a reminder of the crucial role that international trade plays in driving economic growth and reducing poverty. It also highlights the need for governments and businesses to work together to promote gender equality in trade and address the challenges faced by exporters. By empowering women in international trade and promoting sustainable practices, we can create a more inclusive and prosperous global economy. Ladomira Business Consortium is a bridge for businessmen and a shortcut for women to reach the world of international business.