Reaching the MDGs: An Action Plan for Trade
International Monetary Fund, Sep 15, 2010 - Business & Economics - 21 pages
The actions proposed here focus on trade integration, substantially increasing exports of the poorest countries and helping them to meet the Millennium Development Goals. As the foundation for these ambitions, we emphasize the role of a secure, open global trading environment—strengthened further by concluding the WTO Doha Round. From this base, the poorest countries also need better trade preferences from the advanced and major emerging market countries (EMs). Building the capacity to take advantage of trade opportunities will require support from the international community and policy reforms—such as to trade regimes—by the poorest countries themselves. The Fifteen Point Action Plan proposed here could increase annual exports of the least-developed countries (LDCs) by $10 billion or more, with additional benefits for other Low-Income Countries (LICs).
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4-digit tariff Access for LDC advanced market countries agricultural Aid for Trade Allowing LDCs Assist LDCs Conclude the WTO developing countries DFQF access domestic farm subsidies domestic value added EMERGING MARKET COUNTRIES enhance Everything But Arms export opportunities Extended Cumulation Provisions global trading system imports from LDCs input sources Key Gaps LDC benefits LDC exports LDC preference schemes LDCs and LICs LDCs and non-LDC low-income countries LICs Major emerging markets major EMs MDGs meet product standards meeting standards Millennium Declaration Millennium Development Goals minimum local value non-LDC LICs OECD origin RoO percent of LDC percent of tariff poorest countries potential preference beneficiaries preference benefits preference programs preference providers Products from LDCs provide duty-free Provide Extended Cumulation quota-free market access reforms regional Republic of Korea rules of origin schemes for LDCs sectors tariff lines tariff rate Trade facilitation trade preferences trade-related value added threshold WTO Doha Round