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Friday, 01 April 2011

Poor Nations Call for Help with Using WTO Trade Remedies

Helping small, poor countries make use of WTO trade remedy rules was the subject of discussion in the rules negotiations this week, as the group of African, Caribbean, and Pacific (ACP) called for the creation of a ‘facility’ to assist developing countries in developing the institutions and expertise they need to protect domestic industries from dumped or subsidised imports. […] One reason a number of developing countries felt disenchanted with the negotiations that gave rise to the WTO was that they found that they had agreed to take on well- defined, often expensive-to-implement obligations on tariff reduction and a wide range of other policies, but were ill-equipped to take advantage of some of the rights conferred by the global trade body. These rights included the ability to levy extra duties on imports that were subsidised or ‘dumped’ at a price below what they commanded in their home markets. The Doha Round negotiations were supposed to redress these and other perceived imbalances.