ForumIAS LATEST
- SFG FRC 2027 | Program starts from 15th Dec. 2026 | Admissions open for Tranche-1 Entrance Test till 25th Oct. 2026 Click Here to know more →
- Prelims Test Series (PTS) for Prelims 2027 starts 11th Oct. 2026 Click Here to know more →
- [Pre-order] Ethics Redbook 3rd Edition: Delivery starts from 21st October onwards Click Here to Read More →
- 21 Sept. | GS Advance Program (GSAP) for UPSC 2027 Mains starts from 11th Oct. Click Here to Read More →
News:The US President has accused China of taking advantage of the US through the World Trade Organisation(WTO) saying that if China is considered a ‘developing country’, the US should be called one too.
Facts:
Developing Country Status in WTO:
- There are no WTO definitions of developed and developing countries. Members announce for themselves whether they are developed or developing countries.
- However, other members can challenge the decision of a member to make use of provisions available to developing countries.
Benefits:The WTO Agreements contain Special and Differential Treatment (S&D) provisions which give developing countries special rights which include:
- Longer time periods for implementing Agreements and commitments,
- Measures to increase trading opportunities for developing countries,
- Provisions requiring all WTO members to safeguard the trade interests of developing countries,
- Support to help developing countries build the capacity to carry out WTO work, handle disputes and implement technical standards among others.
