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

Question

Quizplus · Accepted Answer

Developing countries have indeed raised concerns about their deteriorating commodity terms of trade and have called for preferential treatment from industrialized countries, including preferential tariff treatment. This is because many developing countries heavily rely on the export of commodities for their economic growth and development.

Developing Countries Have Complained That Because Their Commodity Terms of Trade