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LandLocked developing countries urged to reform economies to survive

Xinhua, September 28, 2016 Adjust font size:

Land Locked Developing Countries (LLDCs) have been urged to continuously reform their economies to the dictates of times in order to survive in the current global trading system, a senior Zambian official said on Wednesday.

Ministry of Foreign Affairs Permanent Secretary Chalwe Lombe said LLDCS need to reform their economies by taking into account transport related obstacles and improving their productive capacities.

In remarks delivered as LLDCs chair at the 15th Annual Ministerial Meeting of LLDCs in New York, the official said globalization had made the world markets more integrated hence the need for the countries to harness coherence.

He added that there was need for implementation of policy measures that have a multidimensional approach to 'landlockedness' as a development challenge.

"We can do this by continuously reforming our economies to the dictates of times, taking into account transport related obstacles, and improving the productive capacities as a key element of reform process," he said, according to a statement released by Zambia's Permanent Mission to the United Nations.

According to him, to achieve the 2030 Sustainable Development Goals and to implement the six priority areas in the Vienna Platform of Action, requires strengthened partnerships and collaboration amongst LLDCs, with transit countries and development partners.

The LLDCs, he added, needed to stress the critical role of the private sector in mobilizing resources to complement public sector efforts in implementing projects in strategic sectors such as infrastructure development, energy security, regional integration, industrialization and value addition, which have a direct bearing on alleviating the challenges of landlockedness and eventually reduce poverty. Endit