Increasing North - South trade

Description

Increasing North-South trade involves implementing policies and mechanisms to expand the exchange of goods, services, and technology between developed (North) and developing (South) countries. The strategy aims to address trade imbalances, promote economic growth, and reduce poverty in the South by improving market access, reducing tariffs and trade barriers, fostering fair trade agreements, and supporting capacity-building initiatives. This practical approach seeks to create more equitable global trade relations and stimulate sustainable development.

Counter-claim

North-South divisions over GMOs get to the heart of the South fears and suspicions over the power and presence of multinational firms in trade policy negotiations, and the ramifications for food security and developing countries' pharmaceutical sectors.