Question

In World Trade Organization meetings, what do you think low-income countries lobby for?

Short answer

In World Trade Organization meetings, low-income countries likely lobby for increased access to international markets, technology transfer, capacity building, and development assistance, in order to address their trade-related challenges and achieve sustainable growth. These efforts aim for more inclusive and equitable global trade that benefits all member countries.

Step-by-step solution

Background on the World Trade Organization (WTO)

WTO is an international organization that deals with the rules of trade between countries. It was established in 1995 and is based in Geneva, Switzerland. The organization aims to ensure that trade flows smoothly, predictably, and freely among member countries, with the goal of promoting economic growth and development.

Identify the needs and goals of low-income countries in WTO meetings

Low-income countries face numerous challenges when participating in global trade. Some of their main concerns may include access to international markets, technology transfer, capacity building, and development assistance. As such, they will likely lobby for policies and agreements that address these issues during WTO meetings.

Access to international markets

Low-income countries often struggle to export their goods and services to major markets, which puts them at a disadvantage in terms of trade. Therefore, they may lobby for reduced tariffs, non-tariff barriers, and the removal of subsidies that may hinder their access to global markets.

Technology transfer

Many low-income countries have limited technological capabilities, which can impede their ability to compete in the global marketplace. In WTO meetings, they might lobby for agreements that promote technology transfer, which could help them acquire advanced technology and know-how from developed countries.

Capacity building

Capacity building is another critical area for low-income countries. They may lack the necessary infrastructure, regulatory framework, and skilled human resources to participate effectively in international trade. Hence, they might lobby for support in the form of capacity-building measures and technical assistance from developed countries and international organizations.

Development assistance

Lastly, low-income countries may need financial and development assistance from the international community to improve their economic performance. As such, they could make a case for increased development assistance through WTO negotiations, to help them overcome their trade-related challenges and achieve sustainable growth. In conclusion, low-income countries may lobby for increased access to international markets, technology transfer, capacity building, and development assistance during WTO meetings. Ensuring that their concerns are addressed can promote more inclusive and equitable global trade that benefits all member countries.