Thursday, May 14, 2009

WTO Considers Extension of Trade Preferences for Poorest Countries

The World Trade Organization (WTO) Council for Trade in Goods voted earlier this week to extend by 10 years the waiver which allows developing countries such as India and Brazil to provide preferential tariff treatment to products from the least developed countries without being required to extend the same treatment to goods from other WTO members.  The existing waiver was set to expire on June 30, 2009. The decision of the Council for Trade in Goods now goes to the WTO General Council for adoption.

(cgb)

http://lawprofessors.typepad.com/international_law/2009/05/wto-considers-extension-of-trade-preferences-for-poorest-countries.html

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