International trade

The International Development Strategy for the Third United Nations Development Decade calls for a rapid expansion and diversification of the international trade of developing countries and an improvement in their terms of trade. The target annual growth rates of their exports and imports are 7.5 per cent and 8 per cent, respectively. To attain these objectives, the Strategy envisages a variety of measures which include, inter alia, improved access to markets in developed countries by extending to them, where necessary and appropriate, preferential and nonreciprocal treatment, agreement on a multilateral safeguard system, full and effective operation of the Common Fund and the Integrated Programme for Commodities, adoption of special measures by developed countries to reduce trade barriers facing developing countries and expanded trade among developing countries. Only selected aspects of the various trade policy issues raised in the Strategy will be dealt with in this chapter.

Sustainable Development Goals:

Decent Work and Economic Growth

Reduced Inequalities