Developing Asia has a crucial chance in the conclusion of the anxious Doha "development round" of trade talks. The components of a fine contract would consist of: a fall in tariffs on manufactured produce by developing countries; a significant fall in agricultural shield by developed countries.
An opening of trade in viable services by all and a system that limits special-treatment alongwith safeguard measures such as antidumping, has been mooted. Association on "aid for trade" and support that helps developing countries get their goods to market -- more easily, more cheaply -- would also be a big step forward.
Latest Asian Development Bank study anticipates that improvements to Chittagong Port in Bangladesh could cut costs for Bangladeshi fabric and garments producers by 30 percent.
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Backdoor protection tends to generate additional hurdle in international trade and hurts aggressive exporters, as was the case in last year's "bra war" that cost consumers dearly.
Letdown to growth in the change of quota rules would leave fully loaded a vital and ever more risky protectionist weapon used primarily to harm developing countries.
Developing Asia can at most amplify the level of desire in Doha by submission to cuts in non agricultural tariffs and tariff peaks that lessen practical rates. In addition, it can put pressure on the EU and US to seek a significant liberalization in case of agriculture.
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