TFA essential to unlock trade potential of Landlocked Developing Countries: WTO
The Dollar Business Bureau | @TheDollarBiz Over 80% of LLDCs are in Africa and Asia (Pic. Source - UN) The World Trade Organisation (WTO) has urged members to adopt the TFA to help Landlocked Developing Countries (LLDCs) benefit from the multilateral trading system. Speaking at the second UN conference on LLDCs’ issues in Vienna, yesterday, Roberto Azevêdo, Director-General WTO, said that the world today has the transport and communications to eliminate distance as a barrier to economic growth, but millions still live in poverty due to lack of resources and the development benefits that trade and foreign direct investment can bring. According to the UN, there are about 32 LLDCs in the world (16 in Africa, 10 in Asia, ...
