162. The representative of Bangladesh said that the reports submitted under Article 66.2 were critical to ensure the monitoring and the full implementation of developed country Members' obligations to provide incentives to enterprises and institutions in their territories to promote transfer of technology to least-developed country Members. Despite the importance of these reports, only a few developed country Members had so far complied with their obligations. While recognizing that there had been several notifications regarding the issue before the Council's Decision, she said that the establishment of a specific monitoring mechanism superseded any earlier practices and that all developed country Members were required to present their annual reports. It was critical that reports be timely, appropriate and effective. In that sense, LDCs had demanded that reports be sufficiently detailed and specific so as to identify the incentives, the correlation between the particular reasoning of incentives and the obligations under Article 66.2, the enterprise or institution giving the incentives, the type and cost of technology transfer, the terms under which technology transfer existed, the LDCs to which the technology was transferred, the appropriateness and local adaptability of the technology transferred and the beneficiary enterprise or institution in the LDC Member in question. Moreover, reports should include information showing that the incentives reported were specific only to enterprises and institutions transferring technology to LDC Members, and that they did not fall under the general rubric of overseas development assistance. She regretted that so far the reports did not comply with these basic requirements.
