About the committee
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The Economic and Financial Committee (ECOFIN), also known as the Second Committee of the United Nations General Assembly, primarily deals with global economic issues such as international trade, financial systems, and sustainable development. ECOFIN provides a platform for member states to coordinate responses to economic challenges and support the UN’s broader objectives, including the Sustainable Development Goals (SDGs). By addressing critical areas like trade imbalances, international aid, and economic cooperation, ECOFIN plays a vital role in shaping a more stable and inclusive global economy. This year at JBCN Oshiwara MUN, ECOFIN will examine the effectiveness of international tariff frameworks in promoting equitable global trade.
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Tariff frameworks, which are taxes imposed on imports, have long influenced global trade, shaping how goods move across borders and who benefits from them. However, in today’s interconnected world, many of these structures are viewed as outdated and unjust, particularly by developing nations that face trade barriers hindering their economic progress. With rising protectionist policies and widening inequalities, it becomes essential to evaluate whether current tariffs serve global equity or deepen the divide. The agenda calls upon delegates to rethink international tariff norms, identify structural gaps, and propose reforms that foster inclusive development. By doing so, ECOFIN can promote fairer trade practices that uplift marginalized economies and align global commerce with the principles of justice and sustainability.
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