Reduction of tariff barriers against DVC imports would benefit both the DVCs and the IACs.

Question

Quizplus · Accepted Answer

Reducing tariff barriers against Developing and Vulnerable Countries (DVCs) imports would allow these countries to export more goods, fostering economic growth and development. Meanwhile, Industrialized and Advanced Countries (IACs) would benefit from access to a wider range of products at potentially lower prices, enhancing consumer choice and possibly improving efficiency in domestic industries through increased competition.

Reduction of Tariff Barriers Against DVC Imports Would Benefit Both