Import Ref: 
74
Import Imported: 
1

The objective of this dialogue is twofold, to raise the understanding by the group of the Nairobi outcomes and how those outcomes could be progressed at a technical level and to discuss at a more political level, the way forward for the LDCs in regard to the negotiating mandate of Doha. The group will also explore how it could strategically draw benefits from regional trade arrangements where they are not party. Further, in view of the SDGs, WTO as a Global Partner will be expected to play a key role in their attainment. The group has to find its position in this respect. 

The 10TH WTO Ministerial meeting in Nairobi was held in circumstances that left many members questioning the future of the WTO. The Doha round has reached its cross roads with some members pushing for a change in the negotiating mandate and not reaffirming the round in its current form, while others prefer that the current mandate be exhausted before taking on any new issues.

The relevance of the mandate in the changed trading architecture is a real issue for the WTO. Members’ attention has shifted to regional trade arrangements that are addressing these new issues. In the meantime the Doha round has not fully delivered on its development objectives. However, the LDCs have had some beneficial decisions from Bali to Nairobi.

Part of the discussions will consist in exchanging key forward looking ideas to understand how LDCs can advance their interests building on the outcome of Nairobi and also to initiate a conversation towards devising a proactive and long term agenda for the LDCs until the next WTO ministerial conference in 2017.

 

 This event is by invitation only. A light lunch will be served.

Undefined
Place: 
WTO (by invitation only)
Event type: 
Our events
Image: 
Promote to homepage: 
No
Updates: 
Bridges Daily Update #5 - Overview of Outcomes of WTO’s 10th Ministerial in NairobiBridges Daily Update #4 - As Clock Runs Down, WTO Nairobi Talks Kick Into GearRethinking Special and Differential Treatment: Towards an integration of S&D principles into the 21st centuryHow can LDCs best advance food security and rural development in Nairobi and beyond?
Region: 
Africa
Language: 
English
Practical info: 

 ...

Date period: 
Monday, 8 February 2016 - 8:45am

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. 

 Building on a recent regional dialogue in Nairobi, this session will examine how enhancements in supply-side capacity in services sectors can contribute to sustained and inclusive growth in Least Developed Countries (LDCs) and Low Income Countries (LICs). Enhancing supply-side capacity by addressing supply-side constraints, including regulatory restrictions, in LDCs should contribute not only to enhance efficiency in the domestic economies but also to more effectively tap into global services markets, diversify the export basket, and enhance development objectives. Focus on improvements in service sector competitiveness dovetails with this year’s theme of “Trade Works” as the session, at its most fundamental level, examines the relationship between domestic supply-side capacity and the ability of LDCs and LICs to reap the rewards associated with participation in the global trading system.

 The objective of the session is to dig deeper into understanding the potential of specific service sectors, such as finance, ICT, and tourism, to drive sustainable development in a meaningful way. The session will have a practical focus and will not only examine those service sectors which offer the highest likelihood of positive impact, but will also address the particular supply-side constraints which impede service sector development and the challenges associated with building supply-side capacity in specific service sectors.

Undefined
Place: 
Geneva, Switzerland
Event type: 
Our events
Theme: 
SERVICES
Image: 
Promote to homepage: 
No
Region: 
Global
Main Tag: 
Event
programme: 
programme 1
Language: 
English
Partners: 

With the generous support of:

 

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Date period: 
Thursday, 1 October 2015 - 4:04pm