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

New bus fares to take effect next week

MANZINI – Commuters will start paying higher bus fares next week after transport operators begin displaying notices announcing the revised tariffs. The new...

Illegal foreign-owned businesses given 1 year to close

LOBAMBA – Foreign-owned businesses found operating in violation of the country’s laws and regulations have been given 12 months to regularise their operations...

Another cup final for MaMkhize’s Eswatini team

(At Somhlolo National Stadium) Highlanders AM.....(0)0 Ubombo Sugar........(0)0  Highlanders won 5-3 on penalties) MBABANE - Mbabane Highlanders AM reached the PLE Charity Cup...

FNB offers more incentives to attract new customers

MBABANE - FNB Eswatini has introduced a campaign offering qualifying customers repayment holidays, cash-back incentives and additional family protection benefits. This comes as...

Magistrate Ngwenya new Commissioner of Co-ops

MBABANE – Magistrate Cebisile Ngwenya, a corporate law specialist and former Assistant Master of the High Court, has been appointed Commissioner of Co-operatives....

Related Articles

NGO under fire for exploiting skilled volunteers

MBABANE – An NGO has come under fire for advertising unpaid positions...

MCM equips 48 youths with business, crochet skills

BY MLONDZI NKAMBULE MBABANE- Forty-eight young people from Mbabane have graduated after...

Eswatini, UK discuss border security, asylum

MBABANE – Eswatini is seeking stronger border controls as refugee and asylum-seeker...

Businessman’s secretary claims estate share

MBABANE – Despite DNA test results allegedly proving otherwise, a secretary employed...