Saturday, April 9, 2011

Trade profile of South Asian LDCs

Trade profile of South Asian LDCs, 2008
LDC  WTO membership Final bound tariff  Avg. applied tariff  Share in world exports   Share in world  imports
        Goods  Services  Goods  Services 
Afghanistan  Process of accession  -  5.6 0 - 0.02 -
Bangladesh  Founding member  169.2 14.4 0.1 0.02 0.14 0.1
Bhutan  Process of accession  -  21.9 0 0 0 0
Maldives  Founding member  36.9 20.4 0 0.02 0.01 0.01
Nepal  Acceded in 2004  26 12.7 0.01 0.01 0.02 0.02

Source: World Trade Profiles, WTO (2009)

Despite having low average tariffs and liberal trade regimes, South Asian LDCs’ shares in global trade remain very low. Maldives graduated from the LDC club in 2010.