Views exchanged on building productive capacities of landlocked developing countriesSociety
Ulaanbaatar/MONTSAME/. WTO Public Forum’s working session ‘Building
productive capacities in LLDCs in a post-COVID world’ was held on October 1.
Purevsuren Lundeg, Ambassador Extraordinary and Plenipotentiary and Permanent Representative, Permanent Mission of Mongolia to the United Nations Office and other international organizations in Geneva, worked as a moderator. In his opening remarks, L. Purevsuren stressed that due to the global coronavirus pandemic the LLDCs are facing more challenges than ever, and underscored the need to build productive capacities to reduce LLDCs dependency on raw materials, diversify the economy and increase the trade volume and level of development. He also noted that the Productive Capacities Index, developed by the United Nations Conference on Trade and Development (UNCTAD), can be an effective indicator to define policies and measures towards strengthening LLDCs’ productive capacities.
In the working session, Paul Akiwumi, Director of Division for Africa, LDCs and Special Programmes at UNCTAD, Chukwuka Onyekwena, Executive Director of the Center for the Study of the Economies of Africa, Heidi Schroderus-Fox, Director, UN Office of the High Representative for LDCs, LLDCs and SIDS attended as panelists to exchange views on the challenges in foreign trade and development LLDCs are facing, and possibilities and policy recommendations to address them.