However, investment in tourism industry requires software to run, including high-end chefs to work hotel and restaurant kitchens. But top chefs able to serve world-class cuisine to discerning tourists have always been hard to come by, says Pierre Tami, who arrived in Cambodia as a diplomat in 1990.
The EIF recognises that our contribution to creating a thriving e-commerce ecosystem in LDCs is part and parcel of a bigger effort bringing together the expertise and skills of many others. While some are working together with the private sector, including small businesses, others are working with governments. While some invest in building digital infrastructure, others impart knowledge to build digital skills and yet others provide support to prepare and implement e-commerce policies.
LDCs have traditionally relied on high-cost, low-impact means of showing off their goods by, for example, hiring booths at trade shows and expos. Ecommerce platforms allow them to exponentially grow the number of products they can show off to potential customers, simplify the selling process, reduce transactional costs, increase trade revenues, and boost economic growth.
Resilience is necessary in the rice trade, developing it requires many
About 80% of Cambodians are rural farmers, and rice is the country’s main crop. But, until the last decade or so, the sector had not been living up to its potential.
Expanding and diversifying productive capacities will better position least developed countries (LDCs) to tap the financing and e-trade opportunities that will underpin their Covid-19 recovery. This was a recurrent theme in the United Nations Conference on Trade and Development (UNCTAD) Least Developed Countries Report 2020, which cautioned however that the international community must first rally with resources, policy space and better international support measures.
Countries that have already implemented trade-cost reducing reforms – for example trade facilitation, infrastructure, and data flows – will be better positioned to take advantage of any opportunities that arise from the trade war.
This plenary session gathered ministerial-level officials from LDCs and high-level speakers to discuss the integration of LDCs into regional and global trading systems amid economic and political risk and uncertainty