Nepal asks developed world to remove domestic barriers
KATHMANDU, April 22: Nepal has requested developed countries to help overcome domestic barriers of least developed countries (LDCs) such as infrastructure bottlenecks, lack of knowledge, administrative and institutional shortfalls in order to advance the productive capacity.
Underlining the importance of trade as an engine of growth, Shanker D Bairagi, permanent resident of Nepal to the United Nations and other International Organizations in Geneva, reiterated that LDCs should get open access to the global market to ensure prosperity and growth.
Bairagi, speaking during a meeting of the UN Inter Agency Cluster on Trade and Productive Capacity in Doha, Qatar, under the ongoing meeting of United Nations Conference on Trade and Development (UNCTAD XIII), shared with other stakeholders about the country´s blueprint - Nepal Trade Integrated Strategy - 2010 and prospects it has for the future growth.
“Aid for trade should not divert resources away from other development priorities such as poverty eradication,” the release quoted Bairagi as saying during the meeting.
“The commitments made by the international community in the Istanbul Program of Action (IPoA) -2011 to provide enhanced financial and technical support to develop productive capacities in line with LDCs´ priorities are vital,” said Biragi. “International community should work on implementing the commitments made in Istanbul and respective works and program as envisaged in the IPoA.