Trading among developing countries
- Strengthening trade among developing countries
Description
Trading among developing countries involves establishing and strengthening direct commercial exchanges to reduce dependency on developed economies, diversify markets, and enhance economic resilience. This strategy aims to address trade imbalances, promote regional integration, and stimulate industrial growth by facilitating preferential agreements, lowering trade barriers, and improving infrastructure. By fostering mutual cooperation and resource sharing, it remedies limited market access and supports sustainable development through increased competitiveness and collective bargaining power in the global marketplace.
Implementation
The World Food Programme is the largest purchaser of food and services in developing countries among UN agencies and a major supporter of South-South trade. WFP has sought to increase this activity, and total food purchases from developing countries have increased from 0.7 million tonnes, valued at US$157 million in 1989, to over one million tonnes, valued at US$263 million, in 1993. The 1993 figures correspond to two-thirds of WFP's total food purchases for the year.
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Problem
Metadata
Database
Global strategies
Type
(D) Detailed strategies
Subject
- Commerce » Trade
Content quality
Yet to rate
Language
English
1A4N
Q1238
DOCID
12712380
D7NID
194665
Editing link
Official link
Last update
Dec 3, 2024