(iv) Inter fund payables and borrowings

Increase (decrease) in payables 1 407.3 445.1

Miscellaneous field office payables 10 298 131 11 919 099

The current situation regarding trade relations is extremely disturbing.

Also, it is essential to examine the current structure of trade.

On the liability side, unliquidated obligations and other payables represent expenditures that have been incurred but not yet disbursed.

In general, they suffered under the current world financial and trade order.

That explained the current stalemate at the Uruguay Round of multilateral trade negotiations.

The current round of GSTP negotiations should deliver substantial trade liberalization gains by 2006.

The counterargument hinges on the difference between the current account deficit and the trade deficit.

Thus, in order to keep the current account deficit stable, the trade deficit must shrink.

As an immature debtor borrower, its trade balance and current account are also in deficit as a mature debtor borrower, its trade balance enters surplus and, as a debtor repayer, its current account moves to surplus.

They see little reason to believe that current asset values and trade flows are not sustainable.

Indeed, the current rush to bilateral trade agreements has been accompanied by a rise in protectionism.

As an immature creditor lender, the trade balance and current account are in surplus as well as a mature creditor lender, the trade balance returns to deficit finally, as a creditor borrower, the country s current account swings into deficit.

The United States trade and current account deficits have begun to shrink relative to American and world GDP.

There have often been imbalances in current international arrangements with respect to consideration of the forest products trade.

And bilateral or regional trade deals can chip away at some of the barriers in the current global system.

Normally, a country s current account deficit (trade deficit minus transfers from other countries) is financed with foreign private capital.

However, there was no denying that current trade negotiations were encountering difficulties that the negotiators should endeavour to resolve.

The move was little noticed, but, in some ways, it was as important as the World Trade Organization s decision that the current round of trade negotiations be devoted to development.

(c) Items in respect of receivables and payables ( 1.5 million and 1.2 million respectively as at 30 June 2005) remained outstanding while processes for recovery and reimbursement were ongoing.

We hope that negotiations on the further liberalization of world trade will be successful, in particular the negotiations of the current Uruguay Round of the General Agreement on Tariffs and Trade.

Comment by the Administration. UNICEF will ensure that payables and receivables are disclosed in the financial statements for the 2004 2005 biennium, in accordance with United Nations system accounting standards.

The US has complained about China s current account (trade) surpluses but, as a percentage of GDP, Germany s surplus is even greater.

Few people appear to realize the fundamental contribution of the emerging economies to the success of the current global trade regime.

It is also important for developed and developing countries to ensure a successful outcome of the current World Trade Organization negotiations.

External trade and investment Foreign investment and balance of payments Foreign trade and balance of payments In 2001 the current account deficit dropped to about 2.2 of GDP (US 1.17 billion) from 3.1 in 2000 while the trade balance registered a small deficit.

These amounts are currently included in accounts payable disclosed in statement II and are classified under the heading of miscellaneous field office payables in note 16 (b) to the financial statements.

The worsening terms of trade have been a major factor contributing to the decline in the current account surplus in recent years.

Even in the current period of growing optimism about the German economy, the nation s trade unions are showing themselves to be moderate.

The policies that China will adopt as part of its new five year plan will shrink its trade and current account surpluses.

The current reintegration plan, like two previous attempts at disarmament, falls short of credibly demobilizing armed groups and regulating the arms trade.

Trade unions see opportunities to promote implementation of sustainable development goals in the thematic cluster of issues of the current implementation cycle.

If there were no current restrictions on trade, the country could have imported between 700 million and 800 million in American foodstuffs.

I wish to refer here to the current negotiations that are seeking to conclude the General Agreement on Tariffs and Trade talks.

As the current crisis makes painfully clear, in this era of global trade and investment, our economies and our prosperity are inextricably linked.

So the dollar would have to stay at its current level to continue to create the large trade deficit and resulting capital inflow.

Moreover, the current system of international trade is deeply inequitable it exposes developing countries to unfair competition, and discourages diversification of their economies.

Indeed, America s trade deficit in manufactures is roughly equal to its current account deficit (the amount by which domestic investment exceeds domestic saving).

Modernization of standards systems, including institutions and infrastructure for certification and conformity assessment, is essential to operate in the current global trade environment.

18. Current problems could therefore only be solved through a revitalization of the economy, which was impossible without guaranteeing freedom of international trade.

CAMBRIDGE China s current account surplus the combination of its trade surplus and its net income from foreign investments is the largest in the world.

The current (Doha) round of global trade negotiations is behind schedule the next session, to be held in Hong Kong, is only months away.

Its current blockage of the adoption by the European Council of the Commission's financial aid and direct trade regulations stands witness to this reality.