Cambodia's Ambassador to the World Trade Organisation (WTO) and International Organisations (Economic & Trade) in Geneva H.E. Pich Rithi, has attended as a panellist a workshop on Enhancing the Development Potential of Services Trade for Least Developed Countries (LDCs) through Preferential Treatment.
According to a news release from the Ministry of Commerce, this workshop, held at the United Nations Conference on Trade and Development (UNCTAD)'s headquarters in Geneva, Switzerland on Mar. 26, was attended by delegates from Permanent Missions to the WTO and other International Organisations based in Geneva.
On that occasion, Ambassador Pich Rithi intervened that services sector is the largest contributor to Cambodian GDP, and services exports do not only generate significant revenues, but also contribute to building competencies and excellence for the country. However, it still encounters market access, national treatment and regulatory challenges in its export markets.
He therefore underlined the importance of the international efforts to allow further trade liberalisation in the domain of trade in services, including through preferential treatment on services and services suppliers from LDCs.
H.E. Pich Rithi also expressed his appreciation to the notifications made by Members on the WTO services waivers for LDCs, and further called upon WTO members to additionally notify and support LDCs including Cambodia to upgrade and develop services trade through enhancing preferential market access for the purpose of promoting Cambodian trade and development in services sector.
Source: Agency Kampuchea Press