A UN-backed report stresses on the importance of tourism for fostering trade for LDCs

Published on : Friday, July 14, 2017

indexA United Nations-backed report released yesterday stresses on the need for greater recognition of tourism as a key service export for gathering technical assistance to the sector in least developed countries (LDCs).

In spite of tourism representing seven per cent of all international trade and 30 per cent of the world’s services trade, it is often difficult to direct trade-related technical assistance towards the sector because tourism and trade tend to fall under different line ministries.

On the occasion of the Aid for Trade Review held in Geneva, the report, titled ‘Tourism for Sustainable Development in Least Developed Countries’, was launched.

The report says that tourism can make an important contribution to the economies of LDCs, but successful interventions in tourism require strong collaboration across government agencies as well as across different actors at the regional or local level.

The report also aims to increase the commitment and investment in coordination and raise tourism’s prominence in trade-related technical assistance for ensuring that the sector has the capacity to create jobs and incomes where they are most needed and for those who are most vulnerable – including youth and women. The report’s launch coincides with the International Year of Sustainable Tourism for Development 2017.

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