subscribe: Daily Newsletter

 

Tourism key for trade in least developed countries

0 comments

Tourism can make a strong contribution to the economies of least developed countries (LFCs) where the sector is a major exporter.
This is one of the conclusions from the report “Tourism for Sustainable Development in Least Developed Countries” launched on the occasion of the Aid for Trade Review held in Geneva. The report was produced by the World Tourism Organisation (UNWTO), the International Trade Centre (ITC) and the Enhanced Integrated Framework (EIF).
Tourism represents 7% of all international trade and is of increasing relevance to the trade community. Tourism is part of services trade, accounting for 30% of the world’s trade in services. This is particularly true for LDCs, where it represents 7% of total exports of goods and services, a figure that stands at 10% for non-oil LDC exporters.
In view of this, tourism has been recognized as a key sector for trade-related technical assistance in LDCs. Forty-five out of 48 Diagnostic Trade Integration Studies analysed for the report feature tourism as a key sector for development.
Yet, despite tourism’s value in the trade agenda, it is often difficult to direct trade-related technical assistance towards the sector because tourism and trade tend to fall under different line ministries. Successful interventions in tourism require strong collaboration across government agencies as well as across different actors at the regional or local level.
The report aims to increase the commitment and investment in coordination and raise tourism’s prominence in trade-related technical assistance as to ensure the sector delivers on its powerful capacity to create jobs and incomes where they are most needed and for those who are most vulnerable – including youth and women.
As active partners of the EIF, UNWTO and ITC are working to contribute to the process of increased co-ordination and collaboration by joining forces in the design and implementation of tailored tourism technical assistance and tourism export strategies, and leveraging resources.
The report was launched to coincide with the International Year of Sustainable Tourism for Development 2017. In the context of the universal 2030 Agenda for Sustainable Development and the Sustainable Development Goals (SDGs), the International Year aims to support a change in policies, business practices and consumer behaviour towards a more sustainable tourism sector that can contribute to all the 17 SDGs.