364. I am going to attempt to expand on what has been said by Bangladesh, our TRIPS focal point. 365. I would like to begin by thanking Japan, Switzerland, the United States, Australia, the United Kingdom and all the developed country Members that submitted the updated reports on Article 66.2 of the TRIPS Agreement. 366. On behalf of the LDC Group, I also wish to thank South Africa for its relevant briefing on the fundamental objective of TRIPS Article 66.2 and what is expected from the operationalization of this Article. 367. Japan has clearly raised an important concern. I simply wish to reassure our Japanese colleague that, with regard to the business environment that he mentioned as an obstacle, the LDCs are undertaking many efforts in terms of regulations, the legal framework and fiscal incentives to attract investment and therefore improve the accessibility of information and communication technologies (ICT). Our governments have demonstrated clear political determination to facilitate such access and important provisions are in place and will be effectively strengthened. 368. We have witnessed how technologically equipped countries are the best prepared to handle the current health crisis that has led to restrictions on movement and a slowdown of global activity and aggregate demand. 369. As you can imagine, for highly fragile countries such as ours, the current global health crisis has intensified the pressure on us while disrupting our progress and development projects. It is therefore vital for us to focus on bridging the digital divide. In this respect, the transfer and use of technology play an important role in our economic catch-up. This is why the LDC Group is seeking the effective implementation of Article 66.2 of the TRIPS Agreement on incentives for technology transfer. This Article stipulates that developed country Members shall provide incentives to enterprises and institutions in their territories for the purposes of promoting and encouraging technology transfer to LDCs in order to enable them to create a sound and viable technological base. 370. In light of this, we are calling on Members to pay due attention to these matters, which are a priority for the LDC Group, and to follow up on them in line with their obligations under the Agreement relating to technology transfer to LDCs. 371. It is clear that, in the area of trade, the development of technologies has given rise to trade that is today more fragmented and integrated in regional and global value chains. Technology has enabled many developing countries which were unable to manufacture a whole product to nonetheless profit from the wealth created by these products. We need to be more integrated in these regional and global value chains and able to create value added for the products that generate the most wealth for our economies, through technology that facilitates processing. 372. It is therefore essential for LDCs to benefit from the transfer of technology that facilitates processing and enables us to increase production levels. We also require technology that allows us to develop new products using existing domestic resources. 373. I wish to conclude by saying that technology transfer remains a key and vital element for LDCs to ensure the successful implementation of our development programmes and projects. We must therefore collectively pursue our efforts and ensure that the benefits of new technology are harnessed to achieve fair, inclusive and sustainable development with a particular focus on the most fragile.