Please enable JavaScript.
Coggle requires JavaScript to display documents.
WTO, Developing Country Tag - Coggle Diagram
Recent Context
Contentious tags at WTO
China's developing country status
Bangladesh's Least Developing Country (LDC) Status
Nations called on China
To refrain it either from
Seeking benefits available
To developing countries
Withdraw its developing country status
Way Forward
WTO should define developing country
Strengthen multilateral trading system
Setting criteria for assigning
Developing country status
Why these tags contentious?
China
Upper Middle Income Country
Uses unfair trade practices
Preferential treatment to State enterprises
Data restrictions
Bangladesh
Surpassed India in GDP Percapita
While India falls under Developing Country
Classification of Countries at WTO
No definition of developed and developing countries
So members themselves claim their status
WTO recognises
Least Developed Countries(LDC)
Benefits of Developing countries tag
Gets Special and Differential treatment (S & DT)
Lenient Targets
Gets more time to achieve targets
Allows other countries
To offer preferential treatment
Example, Generalised System of Preferences (GSP)
Developing Country Tag
