NEW DELHI: Four developing countries, including India, have told the WTO they would further open their markets for least-developed countries, a move which will help boost the economies of the poor nations.

"Four WTO members (India, China, Chinese Taipei and Korea reported their commitment to opening their markets for products from least-developed countries (LDCs)...reflecting increased efforts by the developing economies to improve market access conditions for exports from the poorest countries," the WTO said on its website.

At a meeting of the sub-committee on LDCs held this week, these members have provided information on their duty-free schemes. The committee is dedicated to discuss issues of particular importance to LDCs.

April 22, 2012

Source: PTI