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Thursday, November 13, 2008

Cambodia to host ministerial trade conference of least developed countries

PHNOM PENH, Nov. 13 (Xinhua) -- Cambodia will host a meeting of ministers of industry and commerce from around 49 of the world's poorest countries described as "least developed" on Nov. 19-20 in Siem Reap province to discuss issues related to international trade, a press release said Thursday.

The conference aims to search for solutions to common problems faced by the poorest nations in their integration to global trade, the press release from the office of Cambodian government said.
One of the main topics of discussion is "Aid for Trade" (AfT), a package of incentives designed to help overcome structural and resource constraints of least developed countries in exchange for more speedy trade reforms, it said.

South-South Cooperation for Poverty Reduction is also on the agenda of the meeting, it added.

Cambodian Prime Minister Hun Sen is to open this event, the release said.

The Cambodian government, the United Nations Industrial Development Organization (UNIDO) and the World Trade Organization (WTO) are jointly organizing this conference.

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