International trade in the global economy today provides important opportunities to connect producers and consumers, effectively buffering price volatilities and potentially offering producers in low-income countries access to global markets, which can be seen as an effective adaptation measure  .. But there is also clear evidence that international trade and the global economy can enhance price volatility, lead to food price spikes and affect food security due to climate and other shocks, as seen recently due to the COVID-19 pandemic . The continued strong demand for food and other bio-based products, mainly from high- and middle-income countries, therefore, requires better cooperation between nations and global governance of trade to more accurately reflect and disincentivise their environmental and social externalities. Trade in agricultural and extractive products driving land use change in tropical forest and savanna biomes is of major concern because of the biodiversity impacts and GHG emissions incurred in their provision .
IPCC
Climate Change 2022: Impacts, Adaptation and Vulnerability
IPCC Report