According to a report recently released by the United Nations Conference on Trade and Development (UNCTAD), the liberalisation of trade in industrial products envisaged under the current WTO talks could potentially increase developing-country exports by $175 billion, however, these gains will only be possible through a development-centred agreement and strategies to reduce short-term structural adjustment costs, such as loss of tariff revenues, reduced output, employment losses and real wage reductions.

Share this story: