As of May 2019, there are 37 least developed countries among the 164 members. The United Nations Capital Development Fund (UNCDF) has appointed Preeti Sinha as its Executive Secretary. Recently, China declared zero duty on 97% of imports from Bangladesh. All nations defined as 'least developed countries' by the United Nations are also eligible under DSSI. These countries such as India and China who now contribute significantly to global emissions have an important role to play. It also supports these group of countries in implementing their commitments resulting from the 2015 Paris Agreement on Climate Change (COP21). Last week, the United States officially designated developing and least-developed countries for the purposes of implementing the countervailing measures. India was, until February 10, on the developing country list and therefore eligible for these more relaxed standards. India has displayed empathy to poor countries’ needs. Pointing out that the WTO member states had agreed on reforms for opening new markets for the, Trade liberalisation came as a means but not as a goal, while the goal is economic development and prosperity by allowing developing countries and, Summary: WASHINGTON- The US government said on Friday it is investigating the probable economic effects of eliminating all tariffs and quotas on goods from the world's, The meeting between Karzai and Ban came a day ahead delegates from, Summary: United Nations, Rabi Al-Akhir 25, 1432, March 30, 2011, SPA -- The world&'s, What agricultural aid relationship does the EU expect to have with the, In 2002 EU preferential imports from the 50, Dictionary, Encyclopedia and Thesaurus - The Free Dictionary, the webmaster's page for free fun content, S.Korea to end its preferential tariffs to 5 countries, Deputizing for King, ambassador Adayleh participates in UN conference in Turkey, Indonesian president calls for boosting global trade, Protectionist policies of developed nations a 'matter of concern', US considers removing all tariffs for poor nations, Be ready for Al Qaeda reprisal attacks, UN warns, U.N. Report: World&'s Least-Developed Countries Making Little Progress, Vietnam removed from U.N. list of least-developed countries, Least-Developed Beneficiary Developing Country, Least-Interference Dynamic Channel Allocation, Least-Loaded Routing First-Fit Routing and Wavelength Assignment, Least-Squares Adjustment Of Calculated On Observed NMR Spectra, Least-Squares Ambiguity De-Correlation Adjustment. Least developed countries (LDCs) are low-income countries confronting severe structural impediments to sustainable development. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. It is a preferential arrangement in the sense that it allows concessional low/zero tariff imports from developing countries to developed countries (also known as preference receiving countries or beneficiary countries). The majority of the world’s undernourished – 381 million – are still found in Asia. The US, EU and other rich countries have long subsidised their agriculture, often with disastrous consequences for the economies of developing and least-developed countries. They are highly vulnerable to economic and environmental shocks and have low levels of human assets. The new lists consist of 36 developing countries and 44 least developed countries. The WTO has 164 members, accounting for 98% of world trade. In the case of least developed countries, the status is given as per the per capita income status of the UN. : Annex B Ensure that, by 2015, children everywhere, boys and girls alike, will be able to complete a full course … Topics: India-UN • India-UN Development Partnership Fund • International • Least Developed Countries (LDCs) • SDGs • Small Island Developing States (SIDS). Additionally, the Netherlands is the eighth-largest exporter of goods in the world. In simple terms: Developed countries emit more and lose carbon credits. We would like to show you a description here but the site won’t allow us. Electronic Commerce; Electronic Commerce poses enormous challenges for developing and least-developed countries. • UNDP • UNOSSC, © Copyright 2009-2019 GKToday | All Rights Reserved, Least Developed Countries (LDCs) Current Affairs, GK & News, Preeti Sinha- To lead United Nations Capital Development Fund, India and UNOSSC launch Partnership Fund to Promote Sustainable Development. Salient Highlights The India-UN Development Partnership Fund will be utilized to .. It asked them to build their capacities and ensuring technology transfer through least developed countries (LDC) Fund, special climate change fund (SCCF) and adaptation fund. Annex I: Developed countries [US, UK, Russia etc.] The India-UN Development Partnership Fund was launched on occasion of the World Oceans Day at a special ceremony held at the Permanent Mission of India to the UN. ‘Developing’ or ‘developed’ country designation by the US. S.Korea to end its preferential tariffs to 5 countries. United Nations Development Programme (UNDP) The United Nations Development Programme (UNDP) provides expert advice, training and grants support to developing countries, with an increasing emphasis on assistance to the least developed countries. The uneven level of development between developed and developing countries in the WTO is a … Best current affairs & GK article on Least Developed Countries (LDCs) Annex II: Developed countries (Annex II is a subset of Annex I).Required to provide financial and technical support to the EITs and developing countries to assist them in reducing their greenhouse gas emissions.