Home News Landlocked countries pay twice the costs – King
News

Landlocked countries pay twice the costs – King

Share
His Majesty King Mswati III addressing the Third United Nations Conference on Landlocked Development (LLDCs). (Pics: Courtesy)
Share

AWAZA, TURKMENISTAN – His Majesty King Mswati III has told the third United Nations Conference on Landlocked Developing Countries (LLDCs) that they pay twice the transport costs of coastal neighbours, hindering competitiveness and investment.

The conference was attended by UN Secretary General Antonio Gutteres, Turkmenistan’s President Serdar and other world leaders from LLDCs.

The King said this is one of many other challenges faced by Eswatini and other LLDCs, which comprise of logistical delays, limited market access due to poor infrastructure.

“For Eswatini, being landlocked is not just a geographic condition, but a daily development challenge. High transport costs and vulnerability to global shocks slow our progress. Yet, these challenges inspire us to think innovatively and seize opportunities for cooperation,” he said.

However, despite these challenges, His Majesty the King said the theme for the conference: “Driving progress through partnerships” resonates with landlocked countries’ aspirations.

The King said the country prioritises infrastructure investment to transform from landlocked to land-linked, enhancing connectivity and reducing trade costs.

“We are upgrading rail lines, streamlining customs procedures and investing in digital infrastructure to connect our people, communities and markets efficiently, to mention just a few. These efforts foster regional integration and economic competitiveness,” His Majesty said. He said to build resilience and ensure sustainable growth, Eswatini is diversifying beyond traditional sectors, as the country is promoting investment in agro-processing, tourism, renewable energy, ICT, creative industries and private enterprise.

“This strategy broadens our economic base, creates jobs and supports inclusive development, aligning with our national priorities and Agenda 2030 and 2063,” the King said.

His Majesty the King said a dynamic private sector is vital for inclusive growth and the Kingdom is fostering an enabling environment for all, including youth, women and marginalised groups through regulatory reforms and entrepreneurship programmes, unlocking their potential to drive economic progress and ensure no one is left behind.

Full article available in our paper.

His Majesty King Mswati III on his way to the third United Nations Conference on Landlocked Development (LLDCs) in Turkmenistan.
His Majesty King Mswati III on his way to the third United Nations Conference on Landlocked Development (LLDCs) in Turkmenistan.
His Majesty King Mswati III with heads of State and representatives during the conference.
His Majesty King Mswati III with heads of State and representatives during the conference.

Share

Leave a comment

Leave a Reply

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

Don't Miss

Chinese nationals challenge re-arrest

MBABANE - The 25 foreign nationals from the People’s Republic of China are challenging their re-arrest and detention at Mafutseni Police Station. The...

Customary marriages declared in community of property

MBABANE – The High Court has declared the long-standing practice of treating marriages under Eswatini Law and Custom as being out of community...

Inyatsi Construction building foundations of First World future

For more than four decades, Eswatini has witnessed one of the most significant periods of infrastructure development in its history. Under the leadership...

No more USA Visa processing in Eswatini

MBABANE – In a move that will significantly alter travel logistics for Eswatini nationals, the United States Embassy in Mbabane will cease accepting...

Each MP set for E1m handshake

MBABANE – When the 12th Parliament assumed office in 2023, an ordinary Member of Parliament (MP) was earning a basic monthly salary of...

Related Articles

I don’t have money to compensate them – Polycarp

MONENI – Moneni overseer Prince Polycarp says he does not have the...

New regulations to crack whip on online media

MBABANE - For sometime, government has struggled with creating a fair, ethical...

Chinese nationals seek hotel accommodation pending deportation

MBABANE – Eleven Chinese nationals have approached the High Court seeking an...

PM reaffirms Eswatini – Taiwan partnership upon arrival in Taiwan

MBABANE-Prime Minister (PM), Russell Mmiso Dlamini, has reaffirmed Eswatini’s enduring partnership with...