In international negotiations,LDCs have consistently sought to restructure tariff schedules so that they could
A) import more manufactured goods from industrialized countries.
B) export more manufactured goods to industrialized countries.
C) import more manufactured goods from developing countries.
D) export more manufactured goods to developing countries.

Question

Quizplus · Accepted Answer

LDCs (Less Developed Countries) aim to export more manufactured goods to industrialized countries to improve their trade balance, increase their foreign exchange earnings, and develop their manufacturing sectors. Restructuring tariff schedules to lower barriers for their exports is a strategy to achieve these goals.

In International Negotiations,LDCs Have Consistently Sought to Restructure Tariff Schedules