Buhari seeks duty-free market access for least-developed countries

Buhari seeks duty-free market access for least-developed countries


President Muhammadu Buhari has called on developed and developing nations to grant duty-free and quota-free market access for products from the world’s 46 least-developed countries to ensure their regional and global value chain integration.

In a statement, Garba Shehu, the president’s spokesman, said Mr Buhari, who made the call in Doha, Qatar, at the UN Conference of Least Developed Countries, maintained that this had become imperative to ensure their integration in regional and global value chains.

The president strongly criticised the current structure of the global financial system, which places an unsustainable external debt burden on the most vulnerable countries.

Mr Buhari warned that such debt burdens would make it extremely difficult for LDCs to meet the 2030 Agenda for Seventeen Sustainable Development Goals (SDGs).

He recalled that leaders endorsed the SDGs in 2015, noting that it would undoubtedly require full commitment to be…

Report

Leave a Reply

Your email address will not be published. Required fields are marked *