Explain how the developing countries which are members of the WTO suffer due to trade barriers. -SST 10th

1 Answer

Answer :

The developing countries suffer due to trade barriers. WTO is supposed to allow free trade for all in practice. But the developed countries have unfairly retained trade barriers. (i) WTO rules have forced the developing countries to remove trade barriers. (ii) Farmers in most developed countries receive money from their respective government for production. Due to this massive money, they are able to sell their farm products at abnormally low prices. (iii) Developed countries are asking governments of developing countries to stop supporting their farmers, but they are doing it themselves

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