CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment
No Result
View All Result
CEO Tab
No Result
View All Result
Home Prime News

LLDCs need investment and technology transfer-Minster Gyawali

CEO TAB by CEO TAB
September 26, 2019
in Prime News
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

New York, September 26: Minster for Foreign Affairs Pradeep Kumar Gyawali said the Landlocked Developing Countries (LLDCs) need increased international support measures, not just the Official Development Assistance but also a partnership, technology transfer, and investments.

You might also like

Delays Push National Pride Projects’ Costs Up by Over 113 Percent

Birgunj Customs Imports Rise 15% to Rs 794.87 Billion in 10 Months

Nepal Officially Defers Graduation from Least Developed Country Status

In his address to the 18th Annual Ministerial Meeting of LLDCs in New York on Wednesday, Minister Gyawali said the UN system has always been an important institutional support mechanism to LLDCs. The Minister appreciated the roles played by UN Secretary-General Antonio Guterres and Under Secretary-General and High Representative for LDCs, LLDCs and SIDS, Madam Katoa Utoikamanu and her team in promoting the cause of LLDCs. LLDCs are facing several challenges arising from their remoteness, landlocked status and geographical isolation, he said, the countries have faced difficulties to be connected to global trade networks and value chains.

“The geographical constraint has compounded the cost of development; while perpetuating poverty and economic distress. Added impact of climate change on them, their vulnerability increases manifolds”, he noted. Infrastructure gap in LLDCs compared to other countries is high, he said, building connectivity is extremely difficult and geographical remoteness has eroded the competitiveness of their products.

Recalling that the political declaration of Vienna Programme of Action (VPOA) has pledged to help LLDCs turn into land-linked countries, he highlighted the need of durable and effective partnership between and among LLDCs and transit neighbors, development partners and UN other organizations as well as other stakeholders “The outcome document underscores the importance of unfettered, efficient and cost-effective access for LLDCs to and from the sea”, he said, arguing this only can reduce the cost of trade and decrease their remoteness to global market place. Minster Gyawali expressed Nepal’s belief that reliable, quality and sustainable infrastructure must be built in the first place to transform the future of these countries.”

This is a dynamic process requiring huge investment and partnership”. The best support to LLDCs would be to ensure full, timely and effective implementation of the Program of Action, he noted, adding this should be done in full synergy with the 2030 Agenda for Sustainable Development and other development outcomes. The constraints facing LLDCs especially in the area of trade are still under-studied, such as e-commerce readiness and increasing its share, he went on saying. Highlighting the important role of the International Think Tank in this regard, he called for providing the Think Tank with adequate support and commitments for enabling it to do more for LLDCs.

Informing that Nepal has mainstreamed the 2030 Agenda and VPOA into its national plans and programs and adopted the 15th five-year plan with a longer-term development vision for the country towards materializing the goal of “Prosperous Nepal, Happy Nepali”, he said Nepal is striving to to carry out development of all modes of connectivity including, air transport, roads, railway, transmission line, and inland waterways. “We anticipate support of the international community in our national efforts”, the minister added. RSS

Share30Tweet19
CEO TAB

CEO TAB

Recommended For You

Delays Push National Pride Projects’ Costs Up by Over 113 Percent

by CEO Tab
May 25, 2026
0

The cost of several national pride projects has surged dramatically due to prolonged delays and slow construction progress, with expenses expected to rise by as much as 113...

Read more

Birgunj Customs Imports Rise 15% to Rs 794.87 Billion in 10 Months

by CEO Tab
May 24, 2026
0
Exports of Nepali goods double in four months

Goods worth Rs 794.87 billion were imported through the Birgunj Customs Office during the first 10 months of the current fiscal year. Imports through the checkpoint increased by...

Read more

Nepal Officially Defers Graduation from Least Developed Country Status

by CEO Tab
May 24, 2026
0
Nepal Officially Defers Graduation from Least Developed Country Status

Nepal has officially informed the United Nations about its decision to defer the process of graduating from the status of a Least Developed Country (LDC). Speaking at a...

Read more

NEPSE Gains 26.55 Points, Offering Relief to Investors After Previous Decline

by CEO Tab
May 24, 2026
0
10 firms keen to receive stockbrokers licenses

The Nepal Stock Exchange (NEPSE) gained 26.55 points (0.97 percent) last week, providing a measure of optimism to investors following the continuous decline seen in the previous week....

Read more

Nepal’s Imports Reach Rs 1.6 Trillion; Diesel and Soybean Oil Lead the List

by CEO Tab
May 24, 2026
0
Tanker drivers resume fuel transportation

Nepal imported goods worth around Rs 1.6 trillion during the first 10 months of the current fiscal year, with diesel and crude soybean oil emerging as the country’s...

Read more
Next Post

ADBL software hacking: one Nepali agent arrested from Syangja

Browse by Category

  • Corporate
  • Entertainment
  • Featured
  • International
  • Major Story
  • Next Gen
  • Opinion
  • Prime News
  • Special Report
  • Tete – A – Tete

EDITOR

Manish Raj Poudel
info@ceotab.com
9841317747


PUBLISHED BY

Welcome Group
www.welcomeadnepal.com

Publisher

www.ceotab.com is a premium news portal being run by Welcome Group. The website features quality business/economic news contents,  in-depth profiles of companies, stories of struggle and success of entrepreneurs, articles that assess various dimensions of  the commerce, trade and economy.

Editor

Manish Raj Poudel

info@ceotab.com

9841317747

Sub-Editor

Riza Poudel

poudelriza@gmail.com

Archives

© 2023 CEO Tab. All rights reserved.

No Result
View All Result
  • Home
  • Prime News
  • International Market
  • Special Report
  • Corporate
  • Opinion
  • Next Gen
  • Entertainment

© 2023 CEO Tab. All rights reserved.