1945

Preferences for exports of manufactures and semi-manufactures

In the discussions during the past few years about the trade preferences which developed countries might accord unilaterally to the developing countries to ease the balance of payments pressures which attend their development, the reference has quite generally been to manufactured or processed goods. The sensitivity of the issue of agricultural protection has combined with a variety of technical reasons to reserve primary exports for other forms of treatment. In the case of most tropical products, fiscal changes, i.e. reduced revenue tariffs and excise taxes, rather than preferences promise the greater relief. In other products, including those that developing countries produce in competition with developed countries, commodity agreements are accepted as the more feasible method of enlarging access to the markets of developed countries or, at least, of evening out price fluctuations and perhaps guaranteeing certain market shares.

Related Subject(s): Economic and Social Development
Sustainable Development Goals:
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