Germany, EU to urge industrialised nations to open market to LDCs


FE Team | Published: July 16, 2007 00:00:00 | Updated: February 01, 2018 00:00:00


Germany and the European Union (EU) will continue to urge all the industrialised countries to open their markets to least developed countries (LDCs) in the near future following the EU leadoff, reports UNB.
Federal Chancellor of Germany Angela Merkel said this in a letter to Chief Adviser (CA) Fakhruddin Ahmed on global issues of trade, particularly the LDC share of the cake.
Speaking on the subject to the media, Foreign Adviser Iftekhar Ahmed Chowdhury said the Chancellor offered the assurances in response to a letter sent by the CA in May.
Fakhruddin Ahmed, in his letter, had set out Bangladesh's concerns with respect to the ongoing round of world trade talks, and sought "unimpeded market access" for all LDC and Bangladeshi products, including readymade garments, the country's main export.
Iftekhar Chowdhury further said that the Chancellor agreed with the Chief Adviser on "successful integration into the world trading system and free access to the markets of industrialised countries are matters of paramount importance, in particular for the LDCs."
The foreign adviser appreciated the role that Germany, in particular Chancellor Angela Merkel, has been playing in the creation of a "fair and just playing ground" for the least developed countries in global trade.
"Bangladesh will continue to be a passionate advocate of the LDC cause. The global trading regime must be just and fair to us if we are truly looking to a stable world. We consider the European Union as a partner in this endeavour," he added.
The foreign adviser also expressed the hope that all the industrialised nations would follow the European Union's example.

Share if you like