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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]
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 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.
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
The conflict between national treatment and minimum standards has mainly played out between industrialized and developing nations, in the context of expropriations. Many developing nations, having the power to take control over the property of their own citizens, wished to exercise it over the property of aliens as well. [citation needed]
Other stoppages have been much shorter, with economic analyses after the fact often showing that the lost money is then returned to the US economy in nearly equal measure after the government reopens.
A cost estimate from 2020 stated that: "In developing countries, the [financial] gap is estimated to be US$ 2.5 trillion per year pre-COVID-19 pandemic, which was projected to have risen to US$ 4.2 trillion in 2020 alone." [138] For example in Indonesia, the SDG financing gap (or costs to achieve the SDGs), was estimated in 2021 to be US$4.7 ...