LDCs need int'l support in dealing with dev challenges: Momen
Foreign Minister A K Abdul Momen has urged the international community to support the LDCs to taclke their development challenges.
He made the call while delivering country statement at the Summit of the LDC Group, held in Doha, Qatar recently.
Momen also highlighted Bangladesh's readiness to share its home-grown development experiences with other LDCs through South-South and triangular cooperation, said the Ministry of Foreign Affairs on Monday.
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He emphasized the need for LDCs to diversify their economies and exports, with customized support from UN programs and specialized agencies.
Momen also called for the continuation of preferential market access for LDCs for a certain period of time beyond their graduation.
With regard to WTO services waiver for LDCs, he urged developed countries to align their demands with services offered by LDCs, especially for IT-enabled services.
The foreign minister thanked the UN Secretary-General for his suggestion that graduation must be rewarded, not punished.
He further urged the international community to support the submission made by the LDC Group to the WTO for the continuation of waiver provisions under the TRIPS Agreement for graduating LDCs in the interest of their public health, food security, and climate action.
Momen stressed the need for viable investments in infrastructure development and digital transformation in LDCs.
He emphasized on effective international support for investing in education, skills, and technology to enhance LDCs' human capital.
He also underlined the importance of remittance for LDCS economies and urged destination countries to work together for the reduction of transaction costs for remittances.
Momen called for dignified treatment of migrants in source, transit, and destination countries, regardless of their status.
