GK
WORLD ORGANISATIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Under the principle of “Encouraging Development and Economic Reform”, what opportunities are provided to developing country members?
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More time for developing countries to implement undertakings.
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Special assistance (training, legal advice).
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Extend Special and Differential Treatment
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All is correct
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Explanation:
Detailed explanation-1: -The WTO agreements include numerous provisions giving developing and least-developed countries special rights or extra leniency-“special and differential treatment”. Among these are provisions that allow developed countries to treat developing countries more favourably than other WTO members.
Detailed explanation-2: -Enabling Clause for developing countries (goods) The Enabling Clause is the WTO legal basis for the Generalized System of Preferences (GSP). Under the GSP, developed countries offer non-reciprocal preferential treatment (such as zero or low duties on imports) to products originating in developing countries.
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