Developing countries reshape trade policies to combat unfair terms with WTO.
Developing countries are participating in the WTO to improve their trade policies and access fairer terms of trade with developed nations. They are focusing on negotiating better market access in sectors like agriculture and textiles, and defending against trade barriers. While most developing countries are part of the WTO, only a small number are actively involved due to policy-making challenges at home. By engaging in the WTO, developing countries aim to enhance domestic trade and contribute to 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.