South-South Dialogue on LDCs and Development

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Ambassadors and diplomats from the Least Developed Countries (LDCs) together with WTO and trade experts discussed the South-South trade and investment in a dialogue organized by the People's Republic of China and the WTO Secretariat on September 19-20, 2016 in Annecy, France. Ambassador Suraya Dalil, Permanent Representative of Islamic Republic of Afghanistan to the UNOG and Mr Bilal Ahadyar, Second Secretary of the Embassy, attended the Dialogue.

South-South trade can be an effective source of economic growth and development for the LDCs. Since 2004, South-South merchandise trade has almost tripled in value to US$ 4.2 trillion in 2014, representing 23 percent of world merchandise trade. South-South foreign direct investment (FDI) stocks grew by two thirds from US$ 1.7 trillion in 2009 to US$ 2.9 trillion in 2013, accounting for around 11 percent of global FDI stocks. South-South trade growth has expanded the number of partners with which LDCs trade. China, India and Thailand now rank among the top five export destinations for LDCs.

The Dialogue discussed South-South trade: past, present and future perspectives; overview and outlook for South-South investment; industrialization in a value chain world and the role for South-South trade and investment; supporting sustainable envelopment through South-South trade; improving market access for goods; and improving market access conditions for services.