Industry & Economy
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Foreign Trade
Unctad suggests trade measures to tsunami-hit nations
Our Bureau
New Delhi
,
Jan. 26
THE United Nations Conference on Trade and Development (Unctad) has suggested a host of trade measures that could be undertaken by the international community to help the tsunami-affected countries.
The measures include a temporary provision of duty-free treatment to imports from countries affected by the tsunami in line with the rules and disciplines of the World Trade Organisation.
Unctad has also suggested an immediate suspension and/or termination of all special trade restraining measures such as anti-dumping actions against products originating in the tsunami-affected countries.
Other recommendations include immediate measures to strengthen capacities of the affected developing countries and their businesses to restore infrastructure needed to conform with sanitary and phytosanitary standards for their exports.
Besides relaxation of market access for services providers of the affected countries to help generate additional foreign exchange, the Unctad has also called for special measures to revive the tourism industry and infrastructure, including a more supportive approach to travel advisories and improved access to information and distribution channels.
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