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Developing Countries in the WTO Legal System$
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Joel P. Trachtman and Chantal Thomas

Print publication date: 2009

Print ISBN-13: 9780195383614

Published to Oxford Scholarship Online: September 2009

DOI: 10.1093/acprof:oso/9780195383614.001.0001

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Economic Development and the World Trade Organization

Economic Development and the World Trade Organization

Proposal for the Agreement on Development Facilitation and the Council for Trade and Development in the WTO

Chapter:
(p.291) 12 ECONOMIC DEVELOPMENT AND THE WORLD TRADE ORGANIZATION
Source:
Developing Countries in the WTO Legal System
Author(s):

Yong-shik Lee

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780195383614.003.0012

The regulatory framework for international trade currently represented by the WTO affects the ability of developing countries to adopt trade related development policies. It has previously been examined how the current regulatory framework for international trade facilitates the economic development of developing countries. This examination revealed the inadequacy of the current system. Alternative provisions were proposed, intended to facilitate economic development, including Development-Facilitation Tariff (DFT) and Development-Facilitation Subsidy (DFS). The need for a new regulatory treatment of development facilitation was thus reasoned, tentatively called the “Agreement on Development Facilitation” (ADF), as well as the necessity to create a new body within the WTO to oversee trade and development issues, namely “the Council for Trade and Development” (the Development Council). This chapter, reiterating the need for the ADF and the Development Council, provides a more detailed account of the possible elements of the ADF, including DFT and DFS and the role of the proposed Council.

Keywords:   WTO, developing countries, Development-Facilitation Tariff, Development-Facilitation Subsidy, Agreement on Development Facilitation

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