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The least developed countries (LDCs) are developing countries listed by the United Nations that exhibit the lowest indicators of socioeconomic development.The concept of LDCs originated in the late 1960s and the first group of LDCs was listed by the UN in its resolution 2768 (XXVI) on 18 November 1971.
Germany is India's largest trading partner in Europe. Germany is the 8th largest foreign direct investor (FDI) in India. Germany's FDI totaled about US$5.2 billion during the period 2000–2012, constituting about 3% of total FDI to India. Indian investments in Germany have seen sharp increase in last few years. [38]
The United Nations Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States (UN-OHRLLS) is an office of the United Nations Secretariat [1] which deals with the Least Developed Countries, Landlocked Developing Countries, and Small Island Developing States.
The landlocked developing countries (LLDC) are developing countries that are landlocked. [1] Due to the economic and other disadvantages suffered by such countries, the majority of landlocked countries are least developed countries (LDCs), with inhabitants of these countries occupying the bottom billion tier of the world's population in terms of poverty. [2]
[note 1] [1] The Ministry of External Affairs (MEA) is the government agency responsible for the conduct of foreign relations of India. With the world's third largest military expenditure , second largest armed force , fifth largest economy by GDP nominal rates and third largest economy in terms of purchasing power parity, India is a prominent ...
The low level of control it exercises over imports and exports condemns the South to conform to the 'imperialist' system. The South's lack of development and the high level of development of the North deepen the inequality between them and leave the South a source of raw material for the developed countries.
The concept of a forum for the world's major industrialized democracies emerged following the 1973 oil crisis and subsequent global recession.In 1974 the United States created the informal Library Group, an unofficial gathering of senior financial officials from France, Japan, the United Kingdom, the United States, and West Germany.
Duty Free Tariff Preference (DFTP) is a unilateral non-reciprocal preferential tariff scheme provided by the Government of India for the least developed countries (LDCs). The scheme was officially introduced on 13 August 2008. India was the first developing country to introduce a preferential tariff program for the LDCs. [1] [2]