Media Alert – Ministerial Meeting of Landlocked Developing Countries
Harnessing the trade potential of landlocked developing countries to implement the Vienna Programme of Action for landlocked developing countries and the 2030 Agenda for Sustainable Development
What: Ministers and senior government officials from the world’s 32 landlocked developing countries are meeting in Geneva this week to discuss how they can best enhance trade potential and support sustainable development. The meeting is jointly hosted by the World Trade Organization and UN-OHRLLS.
When: The two-day meeting, running from 23- 24 June 2016
Where: WTO, Geneva, Switzerland
Background: Long distances from seaports, poorly developed transit and transport systems and reliance on neighbouring transit countries for transit access translate to high trade costs for landlocked developing countries. These high trade costs have impacted landlocked developing countries’ trade competiveness. They continue to be marginalized in international trade, accounting for only 1 per cent of global merchandize exports.
The Ministerial Meeting will focus on ways in which landlocked developing countries can best utilize recent global development commitments to enhance their trade potential and overcome many of the structural and geographical challenges particular to landlocked developing countries. Ministers will also discuss the importance of the early ratification and subsequent implementation of the World Trade Organisation Trade Facilitation Agreement which has important provisions for effective transit procedures and if fully implemented will be beneficial to landlocked developing countries.
Media Contact: Louise Stoddard – email@example.com