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Uruguay Round: Dhaka's move to secure interest of LDCs
The 47 Least Developed Countries (LDCs) have renewed their political lobbying to se cure the special and dlfferen tlal treatment for all the LDCs tn the final act of Uruguay Round as the draft act does not adequately address the principal concerns and vital interests of the LDC*. reports BSS
Bangladesh Commerce Minister M K Anwar as spokesman of the LDCs has written fetters to the Commerce Ministers of 24 Industrialised countries seeking their support In securing general exemption and market access for the LDCs in
the final act.
Anwar sought "all concession on tariff and non-tariff measure* agreed tn the Uruguay Round on product* originating from the IDCs shall be Implemented for these countries In advance and without staging, and tn textiles and clothing trade all restraint* on the LDCs shall be exempted from the application of transitional safeguard measures."
He said the final act. embodying the result* of the Uruguay Round should provide a specific and concrete decision a* per the LDCs. shall not
be required to make concessions or contributions and undertake any additional or new commitments and obligations which are inconsistent with their Individual development, financial and trade needs, or beyond their administrative and institutional capabilities
Prompted by Anwar, the Commerce Ministers of the LDCs have sent letters to their counterparts in the industrialised countries stressing the urgent need for making special concessions for the LDCs in the final act of the Uruguay Round.
The 47 LDCs. with half a billion people or 20 per cent of humanity, generate hardly 0.4 per cent of global trade in goods, which clearly testifies to the extremely marginal sta tus of these countries.
If the global trading com munity does not allow a fair opportunity to the LDCs, further marginalisation of the economies of these countries would be Inevitable with all the calamitous consequence*. Anwar said adding Bangladesh as a member of the LDC groups seeking a freer and fairer opportunity for participating in
global trade.
Trade is increasingly being recognised a* a more potent instrument of economic growth than aid and a freer trade, on fairer terms would generate much more resources for development tn the LDCs than official development assistance can provide, the LDC Commerce Minister* observed.
Bangladesh believes that in view of her trade, finance and development need* as well a* Inadequate institutional capability. and In order not to be left out*ide the arrangements and agreements now being fi-
nalized. the final act ol Uruguay Round should incorporate a general exemption. Anwar said.
Bangladesh and all other LDCs genuinely deserve special and differential treatment*, particularly In view of the fact that almost all the GATT con tractlng parties are negotiating or It 1n one area of the other and the LDCs are seeking an across the board special and differential treatment, till such time they are able to guarantee out of the LDC status, the Commerce Minister said Bangladesh delegation in Geneva has been seeking to persuade the concerned nego-. Haling parties to appreciate the LDCs desperate position. The Commerce Minister M K Anwar sought the support of his counterparts in industrialised countries in order to accommodate the request of Bangladesh and other 1.DC* for special and differential provisions contained In various proposals tabled by Bangladesh on behalf of the LDC*.
Anwar, in hi* letter to hi* counterpart* in the industrialised countries. *l*o recalled thetr generous poltUcal and material support by appreciating the harsh social and economic realities confronting Bangladeah