UNCTAD To Support Cambodia, as LDCs Coordinator

The United Nations Conference on Trade and Development (UNCTAD) will further support Cambodia as the Chairman of the Coordinating Group of Least Developed Countries (LDCs) from Feb. 2017 to Feb. 2018, said a news release of the Ministry of Commerce.

H.E. Pan Sorasak, Minister of Commerce, met yesterday in Geneva, Switzerland Dr. Mukhisa Kituyi, Secretary General UNCTAD, to seek the latter's support for Cambodia in its role as the LDCs Coordinator and requesting for additional technical support in implementing Certificate of Origin (CO) and Geographical Indications (GI) as well as to invite Mukhisa Kituyi to attend the World Economic Forum on ASEAN to be held in Cambodia in May.

In response, Mukhisa Kituyi expressed his full support for Cambodia as the LDCs Coordinator. In addition, he praised Cambodia's initiative in setting up a new Trade Mission. As for the assistance, UNCTAD promised to assist Cambodia in any analysis and negotiations in order to obtain maximum benefits for all LDCs such as Duty Free-Quota-Free trade, Certificate of Origin preferences and impacts that results from ASEAN-EU free trade arrangement.

In terms of technical assistance, Dr. Kituyi will provide an expert, Mr. Stephano Inama, to support in the areas of Certificate of Origin (CO) and Geographical Indications (GI) of goods such as Kampong Speu Palm Sugar and Kampot Pepper, etc. UNCTAD will also support in preparing to register Kep Salt aka Phkar Ambel.

Cambodia has recently unanimously elected as the Chairman of the Coordinating Group of Least Developed Countries (LDCs) at the 2017 WTO Forum.

Under this role, Cambodia will coordinate with the 36 LDCs that are members of WTO and 8 observer countries among the 48 LDCs for the success of trade negotiations, during the WTO's 11th ministerial conference (MC11) scheduled to take place in Buenos Aires, Argentina from Dec. 11 to 14, 2017.

Cambodia became a LDC member of WTO on Oct. 13, 2004. Since then, Cambodia has attained a lot of achievements in trade reform and the country development.

Source: Agency Kampuchea Press