Table of Contents
The relationship between trade and development is a complex one. While trade is not a guaranteed route to economic growth for developing countries, evidence suggests that trade and openness to the global economy play an important role in creating jobs and prosperity in developing countries.
Making trade work for development means weighing the needs of every developing economy carefully, and tailoring policies that reflect different vulnerabilities – and different potential strengths. There is no single model for trade and development.
Through its trade policy the EU aims to ensure that developing countries are able to benefit from access to its own markets and from the openness of the global economy. The EU’s Generalised System of Preferences is a trade agreement through which the EU provides preferential access to the EU market to 176 developing countries and territories, in the form of reduced tariffs for their goods when entering the EU market.
Despite having good access to the EU market the share of imports from the poorest countries in the world has declined and most of them continue to remain dependent on a narrow range of commodity exports. So it is not free trade that has failed these countries, but a lack of capacity to trade. These are the problems that Aid for Trade sets out to address, by supporting governments to take measures to diversify the economy.
Does the option affect goods or services that are produced or consumed by developing countries?
DG Trade: http://ec.europa.eu/trade/contact/
DG EuropeAidDevelopment and Cooperation: http://ec.europa.eu/europeaid/contact/contact_en.htm
Further Sources of Data
Please link to other sources of data, e.g. important reports, annual reports etc.
Further Sources of Information
European Commission - Trade
European Commission - Development and Cooperation
EU - Aid for Trade
EU - Generalised System of Preferences
United Nations - Millennium Development Goals
World Trade Organization
General and regional statistics:
EU imports from developing countries by group of products
EU imports from least-developed countries by group of products
EU imports from developing countries by income group
Other Official Indicators
Please insert indicators relevant to the question, choose indicators provided e.g. by international organizations like the OECD, IEA, ILO or academic institutes.