Date published: October 1, 2011
Journal code: ITF
Delegates at the United Nations Second Committee (Economic and Financial) held on 21 October warned that further delaying the practical implementation Of the Istanbul Programme of Action for least developed countries would lead to a further deterioration in the fives of hundreds of millions of people. The Istanbul Programme of Action was adopted last May at the Fourth United Nations Conference on the Least Developed Countries (LDCs) and lists eight priority areas, including productive capacity and human and social development. Al the meeting, representatives from least developed and landlocked developing countries, as well as small island developing states, stressed the vital importance of fair trade, greater investment m infrastructure and increased aid flows. Representatives pointed out that LDCs face .an unfair trading system and called for developed countries to mobilize resources for Aid for Trade while creating favourable market access conditions for all products originating in least developed countries.