Land­locked!

Southasia - - BRIEFINGS -

Nepal’s Min­is­ter for Com­merce and Sup­plies, Shanker Koirala high­lighted the struc­tural prob­lems faced by Land­locked De­vel­op­ing Coun­tries at the ninth Min­is­te­rial Con­fer­ence of the World Trade Or­ga­ni­za­tion. He fo­cused on the prob­lems of the LLDCs such as lack of direct ter­ri­to­rial ac­cess to the sea, iso­la­tion from in­ter­na­tional mar­kets and poor trans­port and tran­sit in­fra­struc­ture, re­sult­ing in a low share in global trade, lack of di­ver­si­fi­ca­tion of prod­ucts and mar­kets and marginal­iza­tion.

Trade facilitation mea­sures, in par­tic­u­lar those re­lated to tran­sit and trans­port, are im­por­tant for growth and ex­pan­sion of ex­ter­nal trade of the LLDCs. As a land­locked na­tion, Nepal must develop this as­pect much more ag­gres­sively. Re­fer­ring to the Com­pre­hen­sive 10Year Re­view Con­fer­ence, Koirala stated that it can be an oc­ca­sion for the in­ter­na­tional com­mu­nity to con­sider all the unique chal­lenges that the LLDCs face.

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