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Tehran meet on regional industrialisation today

Star Special by Mahfuz Anam
TEHRAN, June 27 : In the backdrop of sweeping economic reforms leading to a dramatic Increase in private sector participation in economic development of Asia-Pacific countries, a conference of Ministers of Industries of the region begins here tomorrow (Sunday).
The ministers will adopt a strategy for industrial and technological development, already worked out by senior officials meeting here from June 23, expected to improve the region s industrial and techno-
logical competitiveness, develop human resources and promote intra-regional investment and Industrial financing.
Indicating the Importance Iran attaches to this confer ence, President Rafsanjani will inaugurate the event, which will be participated by 20 ministers and nigh officials from the 30 countries participating In the Tehran conference.
Bangladesh will be represented by the Planning Minister Zahtruddtn Khan and the
Executive Chairman of the Board of Investment K G Mostafa.
Organised by the United Nations Economic and Social Commission for Asia and the Pacific — ESCAP — tn co-operation with the government of Iran, the meeting is expected to give special attention to the problems of the region's Least Developed Countries whose economies remain technologically and industrially backward due to lack of resources, lack of Investable capital and large population.
An ESCAP report submitted to the conference observes that since the last such meeting held six years ago, most countries of the region have undergone rapid Industrial and technological changes.
While such measures as economic reforms, trade liberalisation. technological innovations and integration with global financial markets have led to growth in some cases, others have suffered adverse consequences from protectionism, emerging trade blocs and limited access to new
technologies.
The report further observes that the region's developing countries are in short supply of investment capital needed to boost growth and lack the competitive edge for their products that would ensure them a share of the International and regional markets.
The strategy that the minis ters are expected to adopt will deal with promoting competl ttveness of manufactured products, development of industrial and technological ski-
Ils, strengthening of capital markets and industrial financing and instituting cooperative measures for industrial and technological development in the LDCs and the island economics.
In addition to the strategy for industrial development, the conference is also expected to adopt a declaration — entitled The Tehran Declaration — which will consist of a set of actions that the countries of the region will collectively take to realise the goals of the aforementioned strategy.