Source: WTO
WTO members discussed initiatives aimed at strengthening the economic output of the world’s poorest countries at a meeting of the Sub-Committee on Least-Developed Countries (LDCs) on 31 May. Angola, Rwanda and international organizations shared their experiences in improving LDCs’ economic capacity.
Strengthening the productive capacity in LDCs is an important priority for the international community. It has been recognized in the Doha Programme of Action for LDCs for the next decade,” said Ambassador Erik Brøgger Rasmussen, chair of the LDC Sub-Committee. The purpose of the meeting, he added, is to “look at some of the ongoing efforts aimed at strengthening productive capacity in LDCs and how some of the good practices can be scaled up.”
Supporting economic diversification and strengthening trade institutions in LDCs featured prominently in the discussions, with several speakers stressing that trade policy and trade facilitation reforms are among the private sector's top recommendations.
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