Tourism in the Aid for Trade (AfT) Agenda : maximizing the opportunities for financing with the enhanced integrated framework for least developed countries.
Tourism represents nearly 10% of the world’s GDP and 30% of global services exports. The sector ranks fourth after fuels, chemicals and food in international trade. Tourism is a major source of foreign exchange and investment, and it generates employment and business opportunities.1 The cross-cuttin...
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| Format: | Ebook |
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| Language: | English |
| Published: |
Madrid :
UNWTO,
2015.
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| Subjects: | |
| Online Access: | UNWTO eLibrary |
| Summary: | Tourism represents nearly 10% of the world’s GDP and 30% of global services exports. The sector ranks fourth after fuels, chemicals and food in international trade. Tourism is a major source of foreign exchange and investment, and it generates employment and business opportunities.1 The cross-cutting and labor-intensive nature of tourism creates links to many other economic sectors and positions it as a valuable contributor to national development strategies. Tourism is a crucial growth sector for LDCs. In 2014, the 49 LDCs2 received 24 million international tourist arrivals – nearly three times as many as a decade ago – and earned USD18 billion from international tourism. Tourism now represents 7% of the LDCs’ total exports of goods and services, and for non-oil exporters, the figure stands at 10%.3 Tourism was among the main contributors enabling the graduation of Cabo Verde, Maldives and Samoa from their previous LDC status.Tourism is not yet a priority for donor countries. Despite its proven impact and development potential, only 0.09% of total Official Development Assistance (ODA) and 0.78% of total AfT disbursements were allocated for tourism in 2013. To access Aid for Trade (AfT), developing countries, including LDCs, must clearly prioritize their needs and mainstream tourism trade into their national development strategies. In return, development partners need to provide trade-related assistance and capacity building. |
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| Physical Description: | 1 online resource (16 pages) : illustrations |