Import Ref: 
74
Import Imported: 
1

The development of well-functioning and efficient services sectors is critical to achieving structural transformation and sustainable and inclusive growth in Least Developed Countries (LDCs) and Low Income Countries (LICs).

Services have a catalytic role on sustainable social and economic development and serve as a means of addressing poverty, upgrading welfare, transforming economies, and improving universal availability and access to basic amenities.

Globally, services account for two-thirds of world employment, 60 percent of foreign direct investment flows and nearly half of world trade, measured on a value-added basis. There is a strong link between a higher concentration of economic activity in the services sector and higher rates of economic growth. The implementation of the LDC Services Waiver now underway in the WTO provides an additional incentive for further developing covered sectors in these countries.

With the huge untapped potential to develop services trade in LDCs and LICs to support and reinforce efforts to transform economies and generate inclusive and sustained growth; increased awareness, better understanding and enhanced capacity among relevant policy actors and other stakeholders would go a long way towards creating and sustaining the conditions under which this potential can be realized. 

 
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Place: 
Geneva, Switzerland
Event type: 
Our events
Theme: 
SERVICES
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Promote to homepage: 
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Region: 
Global
Main Tag: 
Event
Language: 
English
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Date period: 
Thursday, 29 September 2016 - 3:30pm

On 12 December 2015, the 196 parties to the United Nations Framework Convention on Climate Change (UNFCCC) adopted the Paris Agreement. The outcome has great importance for the 48 least developed countries (LDCs) who had engaged actively in the negotiations and who are among the most vulnerable to the adverse impacts of climate change. 

The Paris Climate Agreement reinforces the need to increase efforts to limit the rise in average temperatures to 1.5 degrees above pre-industrial levels. To ensure compliance with this goal, the Agreement reaffirms both “top-down” instruments such as the compliance mechanism and transparency system, as well as the “bottom-up” framework, under which each country makes its own “Intended Nationally Determined Contribution” (INDC) to reduce greenhouse gas emissions by 2020. The Agreement thus allows for a mixture of mandatory and voluntary approaches towards climate actions. 
 
Taking the universal nature of the agreement and the broad range of economic activities that can contribute to reducing emissions into account, this dialogue explored the role of trade in tackling climate change and in ensuring that countries support their respective climate change policy objectives. The focus was on how LDCs can leverage trade to strengthen climate resilience and exploit market opportunities emerging from the low-carbon economy.
 
ICTSD was represented by Ingrid Jegou, Director of Climate, Energy, and Natural Resources, who spoke about the role of trade policy to help achieve the commitment to the Paris Agreement and its implications in particular for LDCs.
 
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Place: 
Geneva, Switzerland
Event type: 
We participate
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Updates: 
What role for trade and investment in the new climate regime?
Main Tag: 
Event
Language: 
English
Date period: 
Monday, 20 June 2016 - 2:30pm