International Trade: SDT

Question 1

what does SDT stand for?

Answer 1

Special and differential treatment

Question 2

what is an LDC?

Answer 2

Least developed country

Question 3

why did the UN create the LDC category of countries?

Answer 3

to identify and provide support to overcome that country’s specific disadvantage

Question 4

how can SDT’s help LIC’s?

Answer 4

1. can tackle structural handicaps

2. engage in world trade on a more advantageous level

Question 5

what handicaps do LDC’s face in world trade?

Answer 5

1. a low level income
2. a concentration of export on primary goods
3. vulnerability to export price validity (unfair pricing)

Question 6

what are some arguments against SDT’s?

Answer 6

1. not all countries listed as LDC’s are part of the WTO

2. LDC’s aren’t fully aware of SDT’s