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Hun Sen also called on WTO member states and developing partners to provide further support by strengthening the competitiveness of LDCs, launching support programmes for them to graduate from LDC status, and building their capacity to take advantage of new sources for economic growth - especially during the ongoing Industry 4.0 revolution.
In contrast, Asian and Oceanian LDCs led by Bangladesh (up 68% to $3.6 billion), recorded a new high in FDI flows (up 8% to $12 billion).
He elaborated on how global stock debts have risen to levels not seen since the 1980s deb crisis and called even `more concerning' the LDCs debt build-up after being written off
SAARC countries have put a total of 6,768 and 5,148 goods for non-least developed countries (NLDCs) and LDCs respectively inside the SAARC region under the sensitive lists.
The minister was addressing the inaugural function of a seminar titled 'Bangladesh's Graduation from LDCs: Opportunities, Challenges and Imperatives' at Bangladesh Institute of International and Strategic Studies (BIISS) in the city.
"This report provides insights into the great strides that LDCs have made in regard to ICT access, and the opportunities digital technologies offer in accelerating the attainment of the Sustainable Development Goals," said Brahima Sanou, director of ITU's Telecommunication Development Bureau.
UNIDO remains committed to be- ing an effective and efficient development partner to support the process which enables LDCs to graduate and continue to grow beyond that point.
The Istanbul Conference was dedicated to assessing the results of the 10-year action plan for LDCs adopted at the 3rd United Nations Conference on LDCs in Brussels, Belgium, in 2001 and to adopting new measures and strategies for the sustainable development of the LDCs into the next decade.
The major step in improving market access to LDCs has been taken by India, by far the largest market in the region.
The three-day meeting, co-organized by the Government of Turkey and the UN, reviewed progress made by the world's 48 least developed countries (LDCs) since the adoption in 2011 of the Istanbul Programme of Action (IPoA).
The waiver aims at accommodating LDCs' special needs and requirements.
The concept of LDCs was introduced to the discourse on development and growth in the early 1970s.
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