President Edgar Lungu says structural trade barriers are negatively affecting Land Locked Developing Countries’-LLDC- access to global markets.
President Lungu who is Chairperson of the LLDC grouping has told the 70th United Nations-UN- General Assembly that capacity constraints are also limits the countries’ development.
ZNBC’s Kennedy Bwalya reports that President LUNGU said this when he addressed a LLDC Heads of State High Level Forum at the on-going UN General Assembly in New York.
President Lungu is however, hopeful that World Trade Organisation member states will conclude outstanding multilateral negotiations during the-WTO- meeting billed for Nairobi, Kenya in December 2015.
And the President of the 70th UN General Assembly, Mogens Lykketoft noted that being land locked exposes countries to great vulnerabilities while limiting their investment potential.
At the same forum, Lesotho Prime Minister Dr. Pakalita Mosisili called for the establishment of a special fund for LLDCs infrastructure development.