At the same time, we are pleased with another clear manifestation of close coordination and collaboration between the two organisations. We align ourselves with the statement made by the Chairman of the Group of 77 and China. We agree with the Secretary-General's observation that market access barriers are considerably higher for products with lower technological content. Traditionally, LDCs products belong to this category. This presents a unique dilemma to their development efforts.
Trade is considered the most effective tool for development.
Reality is that weakest members of the world economy face the biggest obstacles in international trade. Mr. President, The Report enumerates the market access opportunities opened to the least developed countries since the Uruguay Round . It adds that industrial imports from LDCs are almost fully liberalized in many industrialized countries. The fact remains that the LDCs have few industrial products for export. The least developed countries traditionally are producers of primary, unprocessed goods.