The Emerging New Trade Alliance Scenario Why the LDCs Should be Concerned?

Abstract

Multilateral trading system plays a critically important role in defining whether Least Developed Countries (LDCs) are being able to take advantage of trade, and make it work for their development. Advancing the cause of their trade-related interests has assumed heightened relevance under the prevailing global trading scenario. There is, thus, a strong case to identify appropriate modalities to secure the interests of the LDCs in the World Trade Organization (WTO), the key driving force steering the multilateral trading system.