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Article summary

The Word Trade Organization (WTO)’s Sub-Committee on least-developed countries (LDCs) has held a session to explore way to boost LDCs' capacity to participate in services trade. Speakers underlined that LDCs' capacity to participate in services trade is hindered by infrastructure issues, skills development, the regulatory environment and limited technological capacity. The importance of international cooperation in tackling these challenges was stressed, with some speakers citing the importance of an Aid for Trade roadmap to address these constraints. While LDCs' exports of commercial services have grown above the world average in the last decade, their share in global services exports remained at 0.53% in 2022. Stressing the high degree of concentration of LDC services exports in traditional services such as tourism and transport, speakers underlined the potential of high-skilled services sectors, such as information and communication technologies, finance and business services. Speakers also pointed to significant opportunities in digitally delivered services. Other idea floated include deeper integration into...