From the WTO: Goods Council addresses high number of trade concerns, notification issues, LDC graduation

MTAVARES1 — Wed, 27 Apr 2022 16:09:00 +0000

WTO | 2022 News items - Goods Council addresses high number of trade concerns, notification issues, LDC graduation

Excerpt: "Proposal on graduated LDCs

Members discussed again the LDC Group proposal on measures to allow graduated LDCs with a gross national product (GNP) below USD 1,000 to be granted benefits pursuant to the provision of Article 27.2 of the Agreement on Subsidies and Countervailing Measures, i.e. exemption from the provision on export subsidies (WT/GC/W/742-G/C/W/752).

On behalf of the LDC Group, Chad said that an agreement on this decision would make an important contribution to remedying the difficult circumstances that graduating LDCs were encountering, particularly as a result of the COVID-19 pandemic and the conflict in Ukraine. It would also contribute to the further integration of LDCs in the multilateral trading system.

Some developed country members acknowledged the challenges that LDC members were facing as a result of two consecutive and overlapping global crises but also noted gaps remaining in the information that is needed for this proposal to be workable from a technical perspective. Nevertheless, they stood ready to consider ideas and proposals with the LDC Group as to how to address those gaps."

Front Page Article:

LDC Portal - International Support Measures for Least Developed Countries - Export subsidies

From the WTO: Goods Council addresses high number of trade concerns, notification issues, LDC graduation