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Flashcards in SDT Deck (4)
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1

Who was it formed by?

WHO

2

What is a bypass tariff?

EU everything but arms allows LIC’s to import without paying tariffs

3

What do profits allow?

SDT’s to diversify range of industry

4

Why do people say its a negative for HIC’s?

As it allows cheap imports - this means collective negotiations over prices in trade blocs are needed to improved market access