The European Commission recommends a greater focus in trade and investment policies in favour of countries most in need. According to this, EU Trade Commissioner Karel De Gucht has recently stated: "The rise of emerging economies like India, China and Brazil shows that trade-driven development is possible and that open markets can play a major role in generating growth. Yet those trailing behind need help".
Moreover Commissioner de Gutch has added: “World tariffs have never been this low and the EU already offers very favourable market access to poor countries. What will make a difference are non-tariff issues - such as standards, services, intellectual property rights, public procurement, infrastructure and packaging facilities. None of this can work without political governance."
The Communication "Trade, growth and development", redefines how the EU's trade and development policy will work for the development of those poorer countries - in particular, Least Developed Countries (LDCs) - ensuring they can increasingly enjoy its benefits.
Source: European Commission