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Maximo Torero "Local VS Global? The Role of trade in building food system resilience"

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Maximo Torero
POLICY SEMINAR
Virtual Event - Local vs Global? The role of trade in building food system resilience
JAN 13, 2021 - 09:30 AM TO 11:00 AM EST

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Maximo Torero "Local VS Global? The Role of trade in building food system resilience"

  1. 1. Maximo Torero Cullen Chief Economist, Food and Agriculture Organization of the United Nations Local VS Global? The Role of trade in building food system resilience
  2. 2. Average percentage of the population who could not afford a healthy diet in 2017 MORE THAN 3 BILLION PEOPLE IN THE WORLD CANNOT AFFORD A HEALTHY DIET
  3. 3. Global agri-food trade doubled in real terms since 1995 THE EVOLUTION OF AGRI-FOOD TRADE COVID-19 pandemic affects trade and food value chains
  4. 4. Over one‐third of all agri-food exports forms part of a value chain that involved at least three countries GLOBAL VALUE CHAINS - FOOD THAT CROSSES BORDERS TWICE OR MORE
  5. 5. GLOBAL VALUE CHAIN PARTICIPATION Many countries trade more than 35 percent of their food through global value chains
  6. 6. • The commodities for which global trade underwent the highest contraction in H1-2020, compared with H1-2019 and H2-2019, can be regarded as highly income elastic, consisting of ‘beverages’ and ‘fish products’, and to some extent ‘livestock products • These traded commodities could conceivably have been substituted with domestic products Schmidhuber, & Qiao, B. 2020. Recent trends in food imports bills and export earnings: the Covid-19 challenge, Food Outlook (November 2020), Rome, FAO. 6 RECENT TRENDS IN THE WORLD FOOD IMPORT PRODUCT VOLUMES (USD BILLION, 2015 CONSTANT PRICES)

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