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Chapter 20: Q 26. (page 494)

In World Trade Organization meetings, what do

Do you think low-income countries lobby for?

Short Answer

Expert verified

I think low-income countries would lobby for minimization or full stoppage of trade barriers.

Step by step solution

01

Step 1. Definition

Trade barriers are defined as the protectionist form of trade that is put by the governments to have a limited trade between various nations and economies.

02

Step 2. Explanation

Low-income countries will lobby for the decrease in the trade barriers like tariffs, quotas, etc. and this is because by a reduction in the trade barriers they will benefit from international trade by increasing their exports and gaining from the trade.

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