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Class 10 > Learn Class IX-X Tuition > Why WTO forcing to remove trade barriers for developing...
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Why WTO forcing to remove trade barriers for developing countries?

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LDCs( lower developing countries ) to be granted exemptions from tariff and subsidy reduction commitments. Addressing the deeper end of Trade Related Technical Assistance (TRTA) is also a key concern of LDCs in view of diversifying their production and improving competitiveness in traditional areas...
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LDCs( lower developing countries ) to be granted exemptions from tariff and subsidy reduction commitments. Addressing the deeper end of Trade Related Technical Assistance (TRTA) is also a key concern of LDCs in view of diversifying their production and improving competitiveness in traditional areas as well as emerging areas of comparative and competitive advantage; developing human, institutional, regulatory and R&D capacities and infrastructures; and achieving greater technology-intensity, value-added, value retention and diversification of products and competitiveness.S o,Developung countries are forced to remove trade barriers read less
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Trade barriers are against the free flow of goods and services, some time creating difficult for international players to enter into a economy to build better and smooth flow WTO is trying this practise
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because WTO speaks the voices of developed nations who want to eat up the share of benefits attributed to huge growth potential in developing nations. They want to enter our markets without any price barriers so they can eat up some market share here. But for developing nations, it can be detrimental...
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because WTO speaks the voices of developed nations who want to eat up the share of benefits attributed to huge growth potential in developing nations. They want to enter our markets without any price barriers so they can eat up some market share here. But for developing nations, it can be detrimental to its economy. Since competition with foreign businesses might result into a disaster for local economies...make sense? read less
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