Trade - News

Trade - News

Trade related News

New European Union report on the effects of its trade schemes on promoting development

A new report by the European Union (EU) on its trade schemes assesses the effects of the three-pronged Generalized System of Preference (GSP), which grants preferential market access in varying degrees to developing countries...

“Impact Assessments”: What happens when a country graduates from the LDC category?

When a country graduates from the LDC category, it no longer benefits from LDC-specific international support measures. The practical implications and significance of that change depend on numerous factors, and thus differ among countries....

Managing graduation from the LDC category: The case of the Maldives’ fish exports

by Matthias Bruckner* When the Maldives approached graduation from the least developed country (LDC) category in the 2000s, the impact of graduation on market access for fish products moved to the forefront of the debate....

What LDC graduation will mean for Bangladesh’s drugs industry

  Bangladesh’s pharmaceutical industry is unique among least developed countries (LDCs). Driven by active government policies, output has grown a thousand times since 1982, to US$2 billion, or around 1% of gross domestic product, making...

WTO Ministerial concludes – Anything to cheer for LDCs?

by Matthias Bruckner* The 11th WTO Ministerial Conference concluded in Buenos Aires on 13 December. Overall, the Ministerial highlighted the current difficulties faced by the multilateral trading system, and multilateralism in general. The WTO Secretary-General...

A landlocked LDC’s approach to the global market: Bhutan’s IT service park

Business at Thimphu Tech Park has been blooming in the last couple of years. “We struggled to attract businesses for the first few years. There were only two people sitting in this four-story building...

Booming Bangladesh looks forward to LDC graduation

Bangladesh, the largest least developed country (LDC) in terms of population and economic size, looks likely to leave the LDC category by 2024, propelled by better health and education, lower vulnerability and an economic...

Globalization and trade-related measures for LDCs

The SDGs not only reiterate the promotion of a universal, rules-based, open, non-discriminatory and equitable multilateral trading system under the WTO (SDG target 17.10), but also include the target of increasing the exports of...

What benefit? Preferential treatment to services and services suppliers of LDCs

A Nepalese doctor in Kathmandu received an invitation letter from a hospital abroad to join a special research team as a short term consultant for 3 months. He went to the embassy to apply...

LDCs and the technological revolution

When you’re next driving the clogged streets of Kinshasa, Democratic Republic of Congo, don’t be surprised if you run into an eight-foot high solar-powered traffic robot. Five locally-designed automatons stationed throughout the capital each...