- Strengthening trade among developing countries
Description
Trading among developing countries involves fostering direct economic exchanges and cooperation to reduce dependency on developed nations, diversify markets, and strengthen regional integration. This strategy aims to address trade imbalances, enhance bargaining power, and promote mutual growth by facilitating preferential trade agreements, lowering tariffs, and improving infrastructure. By prioritizing intra-developing country trade, it remedies limited market access, supports local industries, and encourages technology and knowledge transfer for sustainable development.
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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Constrains
Constrained by
Facilitates
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Problem
UIA organization
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