Least-Developed Countries


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Least-Developed Countries

The countries with the lowest GDP relative to the remainder of the world. The least developed countries are characterized by little or no industry and/or a high dependence on foreign aid. Some of the least developed countries are dependent on worker remittances from relatives working in other countries. See also: International development.
References in periodicals archive ?
The facility will offer training for participants from Africa and specially focus on least-developed countries (LDCs).
WTO director general Roberto Azevedo added : "Through this facility, the governments of Sweden and Tanzania will ensure that least-developed countries receive training and capacity-building in this area".
Japan will invite 2,500 people from least-developed countries (LDCs) to Japan over the next five years to take part in a technical training program, Japanese government sources said Monday.
Nominees must help facilitate the deployment of information technology and use of the internet among inner city populations segments, or in towns, rural areas or cities in developing and least-developed countries in order to be considered for this award.
The European Union's support for milk production per cow is 16 times more than the average spending on education per person in developing countries and 90 times the average in the least-developed countries, the report said.
In mid-January, Japan and the EU issued a joint statement saying they will propose major trading powers apply a "zero tariff" initiative for all products from least-developed countries.
Merck is aiding the least-developed countries and those hardest hit by HIV/AIDS by providing its antiretroviral medicines, CRIXIVAN and STOCRIN, at prices where it makes no profit.
In July 2013, together with more than 20 other organizations and governments, we stated our strong commitment to support developing countries, and in particular least-developed countries, in the full and effective implementation of a WTO Trade Facilitation Agreement.
It issued the tender last month in which the sugar from locally produced cane will be exported to European Union countries as part of a preferential quota for the least-developed countries.
Recently, the WTO has put the spotlight on the important role for least-developed countries in the multilateral trading system.
Here the G20 could play a particularly constructive role, especially when it comes to the revival of the Doha Trade Round, the reduction of duties, tariffs and quotas on exports from the least-developed countries, and the gradual elimination of domestic subsidies.
WTO Director General Roberto Azevedo added : "Trade facilitation is an indispensable and necessary step to helping LDCs to integrate into the global economy," adding "through this facility, the governments of Sweden and Tanzania will ensure that least-developed countries receive training and capacity-building in this area".

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