89 WTO members self-identify as ‘developing countries’


FE Online Report | Published: April 14, 2018 11:23:03 | Updated: April 14, 2018 20:52:46


89 WTO members self-identify as ‘developing countries’

Some 89 members of the World Trade Organisation (WTO) identify themselves as ‘developing countries.’

Trade News Centre has unveiled the information which it derived from the WTO negotiating coalitions as well as Trade Facilitation Agreement (TFA) notifications.

The information is shared as a tweet in the Tweeter page of Trade News Analysis.

It showed that among the 164 current members of the WTO, 36 are officially Least Developed Countries (LDCs), which include Bangladesh, and 39 designated as developed countries.

The information also presented a list of top 10 developing countries on the basis of per capital Gross National Income.

Those countries are Qatar (US$75,660), Singapore ($51,880), Hong Kong ($42,940), UAE ($40,480), South Korea ($27,600), Saudi Arabia ($21,720), Turkey ($11,230), Mexico ($9,040), Brazil ($8,840) and China ($8,250).

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