Objectives of the Private Sector Track
The private sector track for UN LLDC II has been set up to involve and engage private sector representatives during all stages of the preparatory process and the Conference itself. The participation and engagement of the private sector will help identify concrete, action-oriented proposals addressing LLDC-specific problems and challenges in the areas of trade and trade facilitation, transport, investment and business development.
The views and proposals from the private sector will contribute to the formulation of innovative strategies and policy recommendations that will form the new development framework to be adopted at the Conference by the UN Member States. Furthermore, their involvement is expected to increase their ownership in the implementation of proposed solutions.
Participation of Private Sector in the Preparatory Process
i) Pre-conference events in 2013/2014
The private sector has participated at a number of the pre-conference events of the preparatory process, such as the Brainstorming Meeting on the Priorities for a New Development Agenda for the LLDCs, the Launch of the South-South Technology Transfer Facility for Landlocked Developing Countries, Enhancing ICT Development and Connectivity for LLDCs and the Ambassadorial Retreat of Key Negotiators.
ii) Regional Review Meetings in 2013
As part of the intergovernmental track, UN Regional Commissions, in collaboration with OHRLLS, organised regional review meetings in Asia/Europe, Africa and Latin America in 2013. Private sector representatives had an opportunity to participate in these regional reviews and provide inputs to these meetings.
iii) Intergovernmental Preparatory Committees and High-Level Private Sector Event
Two sessions of the intergovernmental preparatory committee will be held in New York on 12-13 June 2014 and 2-3 October 2014, each for a duration of two working days. A high-level private sector side event is scheduled to be held on the side lines of the 1st preparatory committee on the theme of “Creating Enabling Environments for Sustainable Investments in Landlocked Developing Countries”.
iv) Session on LLDCs at the World Investment Forum
The biennial World Investment Forum organised by UNCTAD will to be held in Geneva from 13 to 16 October 2014. A high level forum on investment in landlocked developing countries is being organised on the last day of the Forum bringing together LLDC ministers, transnational corporation executives, heads of investment promotional agencies and international investment experts to discuss strategies to increase investment flows to LLDCs. Elements for the debate include the following:
- What are the strategies for LLDC Governments to direct FDI to growth and labour-intensive sectors?
- Can the 2013 Bali Agreement on trade facilitation help unlock greater FDI flows to LLDCs?
- Accelerating investment flows to LLDCs: can regional integration be a game changer?
Participation of private sector representatives at the Conference
The activities and contributions by private sector actors along the official preparations for the Conference will culminate in a “Global Investment and Business Partnership Forum” to be held during the Conference in Vienna at the Head of State/Ministerial and CEO level.
Global Investment and Business Partnership Forum
The Forum will bring together private sector actors such as senior business representatives, CEOs, representatives from LLDC’s Chambers of Commerce, national and international investors and investment promotion agencies, with senior LLDC government representatives, neighbouring transit country government representatives, heads of UN and international institutions and development partners. The aim of the Forum is to present the discussions and results from the preparatory process. The outcome is expected to be a set of recommendations, including concrete, action oriented measures and innovative solutions in the areas of trade and transport facilitation, investment and business development in LLDCs that will feed into the overall outcomes of the Conference. Concrete projects could be announced at the Forum.
The Forum will be organised by UN-OHRLLS and other UN agencies and partners including UN Global Compact.