In the WTO meeting, Nepal calls for bridging the digital divide
Geneva: Minister for Industry, Commerce, and Supplies Dilendra Prasad Badu has said that Least Developed Countries(LDCs) have been facing multiple challenges in their process of socio-economic development.
Addressing the LDC Ministerial Meeting in Geneva on June 12, he said that supply-side capacity constraints, low level of productive capacity, inadequate investment, insufficient trade infrastructures, and digital divide among and within the countries are some of the challenges.
He further stated that the non-tariff barrier, among others, has been posing challenges in benefiting from the multilateral trading system. Furthermore, LDCs are in dire need of bridging the digital divide to participate in and benefit from e-commerce and digital economy in the changing global context, he said.
Badu is in Geneva to attend the 12th Ministerial Level meeting of the World Trade Organization which began on June 12. The three-day summit will deliberate on various global trade issues. He further added that the meeting will be an opportunity to build our common position and make collective voices heard and addressed in the areas of our interest and priority.
Least developed countries are pushing for preferential rules of origins, service waiver, duty-free and quota-free market access, and flexibilities in the broader areas of agriculture, and fisheries, and supporting the recovery from the pandemic. Similarly, the reformation of WTO is another priority agenda of LDC.
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