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Least Developed Countries and Trade

Challenges of Implementing the Bali Package

image of Least Developed Countries and Trade
After more than a decade of negotiations, the Ninth Ministerial Conference, held in Bali in 2013, brought reprieve for the Doha Development Agenda (DDA). The Ministerial Declaration that was agreed on, known as “Bali Package”, intends to help streamline trade procedures through trade facilitation measures as well as provide developing countries with more options on food security. The objective Is to boost least developed countries (LDC) trade through special provisions known as “LDC Package”, which comprises two parts. Part I relates to TRIPS, e-commerce, small economies, Aid-for-Trade, and trade and transfer of technology. Part II includes selected items from the original DDA that States agreed on.

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Waiting for service? Progress in preferential market access for Asia-Pacific least developed countries’ services exports

Trade in services now accounts for more than a fifth of global trade volumes in gross terms and almost half of global trade in value-added terms. Services is the world's largest and fastest-growing sector, providing more than 60% of global output and an even larger share of employment in many countries (WTO, 2015). Two-thirds of all foreign direct investment flows are also into the services sectors. For the past two decades, trade in services has also grown faster than merchandise trade, reaching over $9 trillion for the first time in 2013 and constituting 11.9% of world GDP (ESCAP, 2015).

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