Developing countries have complained that because their commodity terms of trade have deteriorated in recent decades, they should receive preferential tariff treatment from industrialized countries.

Question

Quizplus · Accepted Answer

The figure is not related to the question, but the statement is true. Developing countries have voiced their concern over the declining commodity terms of trade and have requested preferential tariff treatment from industrialized countries.

Developing Countries Have Complained That Because Their Commodity Terms of Trade