How does the WTO recognize special needs of developing and the least developed countries?

According to the WTO Cell - Industries, Commerce & Investment Department, Govt. of the Punjab, the WTO recognizes the special needs and problems of developing and the least developed countries in different parts of the world. Special and Differential Treatment (S&DT) for these countries is incorporated in the WTO laws, and rules. This is usually achieved by giving developing and the least developed countries in some cases longer implementation periods and, more flexibility in matter of compliance with the WTO.

Note: The above information is based on the Frequently Asked Questions (FAQs) booklet, issued by the WTO Cell Industries, Commerce & Investment Department, Govt. of the Punjab. Please visit the official website of the Govt. of Punjab for up-to-date information and details.

Tags: Trade, Business, WTO, Pakistan

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