Agricultural and Biological Sciences
8 years ago

Developing Nations Demand Fairer Global Trade, Seek WTO Reforms

SSRN Electronic Journal
DEVELOPING COUNTRIES AND THEIR PARTICIPATION IN THE WTO IN MAKING TRADE POLICY - AN ANALYSIS
Ravinder Rena

Paper Summary

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Developing countries are participating in the WTO to negotiate fair trade terms and defend against protectionist measures from developed nations. Their weak involvement in the WTO reflects domestic policy gaps. By engaging in the WTO and reshaping their trade policies, developing countries aim to boost domestic and global trade. The article examines how GATT/WTO policies impact trade and development in developing countries, and discusses trade preferences offered by the EU and other developed nations. It emphasizes the importance of establishing effective trade policies with clear objectives and indicators for developing countries.