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Special and differential treatment (S&D) is a set of GATT provisions (GATT 1947, Article XVIII) that exempts developing countries from the same strict trade rules and disciplines of more industrialized countries. [31] That is, developed countries will treat developing countries differently.
The Declaration also provides that special and differential treatment for developing countries would be an integral part of all elements of the negotiations. The Declaration took note of non-trade concerns reflected in negotiating proposals of various member countries and confirmed that they would be taken into account in the negotiations.
The US has suggested that developing countries are not doing enough to satisfy their share of 'common responsibility for the problem' of climate change. Developing countries, however, argued that their carbon emissions are essential to their survival, while those of the developed countries are 'luxury emissions.' [14]
MFN status provides equal treatment in the case of tariff being imposed by a nation but in case of GSP differential tariff could be imposed by a nation on various countries depending upon factors such as whether it is a developed country or a developing country. Both the rules comes under the purview of WTO.
The aim was to put less developed countries' priorities at heart. The needs of the developing countries were the core reasons for the meeting. The major factors discussed include trade facilitation, services, rules of origin and dispute settlement. Special and differential treatment for the developing countries were also discussed as a major ...
The full title of Target 10.a is to: "Implement the principle of special and differential treatment for developing countries, in particular least developed countries, in accordance with World Trade Organization agreements". [2] Target 10.a has one indicator.
The General Agreement on Tariffs and Trade (GATT) was created in 1947 after World War II in an attempt to encourage and regulate a global Free Trade market. This agreement between countries later evolved into the World Trade Organization following the Uruguay Round of 1994, With the goals of lowering tariffs and taxes worldwide, the committee is designed to voice the opinions and needs of all ...
GATT members recognized in principle that the "most favoured nation" rule should be relaxed to accommodate the needs of developing countries, and the UN Conference on Trade and Development (established in 1964) has sought to extend preferential treatment to the exports of the developing countries. [6]: fol.93