NAY PYI TAW, Sept. 8 (Xinhua) — The Myanmar government is taking measures to remove the country from the Least Developed Country (LDC) list, seeking technological and developmental assistance, parliament sources said on Thursday.
Deputy Minister of Planning and Finance U Maung Maung Win told the House of Representatives (Lower House) that Myanmar was listed in 1987 but did not enjoy LDC benefit due to economic sanctions.
Works are underway to seek short-term technical advice and consultancies from resident UN Development Program (UNDP) experts and adoption of policies to support Myanmar's graduation from the LDC status, he said.
He stressed the need to be granted favorable Generalized Special Preferences (GSP) while striving for graduation from the LDC status.