China’s role in the global context has grown in terms of its output, trade and now its voice and leadership in sustainable and inclusive development, as well as its resolve to pursue low carbon pathways. A further paradigm shift is anticipated in the role and influence of China, as it delivers on the Belt and Road Initiative (BRI) by leveraging on its successful infrastructure capabilities and the capital strengths of new financing vehicles such as Asian Infrastructure Investment Bank (AIIB), New Development Bank (NDB) and the Silk Road.
Asian LLDCs face a number of critical barriers to both trade and transport connectivity. The 12 Asian LLDCs account for 0.7 per cent of global exports, while the entire Asia-Pacific region’s exports account for 40 per cent of the global total. The low share of global exports by LLDCs is a result of their lack of export diversification. For example the leading export sector in 6 Asian LLDCS is either hydrocarbon or minerals. As a result, LLDCs have had limited participation in Global Value Chains, or GVCs. Meanwhile, depending on the industry and measurement methods, the share of GVC-related trade stands at between 20 per cent and 60 per cent in the total trade of the Asia-Pacific.
ECO has been a long standing partner in development for the United Nations Economic and Social Commission for Asia and the Pacific, or ESCAP. All ECO members are also ESCAP members and are engaged in broader policy and normative debates of regional cooperation and integration.
Welcome to the 13th session of the Asia-Pacific Business Forum hosted by the Government of Bangladesh and the International Chamber of Commerce Bangladesh. The ESCAP Business Advisory Council and its Sustainable Business Network need to be acknowledged for their steadfast support to his Forum along with ADB, CitiBank, IFC and the many other cooperating agencies for their contributions.
On behalf of the Executive Secretary, It gives me much pleasure to bring to a close this inaugural session of the ESCAP Committee on Energy. Having listened to your deliberations and heard your ideas, responses and recommendations on how we as a unified region can address our energy challenges, I have much confidence in the future of regional energy cooperation and look forward to working on the programmes, initiatives and plans of action that we will develop together in support of the energy transition.
Welcome to the inaugural meeting of the ESCAP Energy Committee. I would like personally thank all the member States who have supported ESCAP to institutionalise and operationalise this Energy Committee. This Committee actually sets the stage for member States to promote enhanced regional cooperation that holds promise to enhance prospects for sustainable energy development.
Welcome to ESCAP, the regional home of the United Nations in the Asia-Pacific, for the first public-private sector energy policy dialogue where we will deliberate on how the private sector and policymakers can work together to accelerate the energy transition.
As leaders of the national statistical systems in the ESCAP region, you can certainly attest to the unprecedented level of emphasis placed on data and statistics in the 2030 Agenda for Sustainable Development. Achieving the 2030 Agenda will require high-quality data which is accessible, timely, reliable and disaggregated by income, sex, age, race, ethnicity, migration status, disability and geographic location. However, as you are all aware, of the 230 unique indicators in the global SDG framework, we only have data on less than 100 indicators. Even more worrisome, due to limited country coverage and availability of data over time, regional trends can only be estimated for 60 of the 230 SDG indicators. Our work is of course cut out in this context.