access to markets Flashcards
what is SDT?
special and differential treatment
what are special and differential agreements?
formed by the WHO these allow developing countries to be treated more favourably allowing them to bypass certain tariffs and barriers set by developed countries
what do SDT allow>
allow greater access to markets in which otherwise wouldn’t be reached due to lack of influence
what do developing countries have a right t do as part of SDT?
right to restrict imports to greater degree than developing countries
what is an example of an agreement that uses SDT?
the european everything but arms agreement (EBA)
duty reduced why
why can trading blocs be better than SDT?
regional trading blocs allow developing countries to negotiate prices collectively
what do bigger markets receive?
bugger incomes due to number of people they are selling to
