Boosting trade opportunities for least-developed countries:
Progress over the past ten years and current priorities
Over the past decade, important progress has been made in supporting the integration of least-developed countries (LDCs) into the multilateral trading system. This report, prepared for the 5th United Nations Conference on the Least Developed Countries (LDC5), highlights that further international efforts are needed, however, to help LDCs increase their participation in global trade and confront the enormous challenges posed by the COVID-19 pandemic
Significant progress has been achieved in boosting LDC exports over the last decade by improving market access opportunities for LDCs and granting them flexibilities in the implementation of WTO rules. However, further efforts will be needed to support trade growth in LDCs in the next decade, particularly in areas such as agriculture and fisheries, digital technologies and trade capacity-building. The integration of LDCs into global trade is a priority, as trade can play an important role in driving economic growth and supporting sustainable development.
LDC5 can set a path for allowing LDCs to fully realize their trade potential and to take advantage of emerging opportunities.
Published in 2022.