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“Better late than never” has never been truer. Recent reports (Financial Times, Reuters) indicate that the European Union (EU) is on the verge of reducing tariffs on a range of Pakistani exports for two to three years.
A new year calls for a development policy wish list. My wish list is about what the rich and powerful global actors– mostly but not solely in the United States – can do to improve lives among the poor and vulnerable around the world in the coming year.
Later this month, world leaders will meet at the UN in New York City to discuss accomplishments and challenges to meeting the Millennium Development Goals (MDGs) by the 2015 target. While their discussions will cover a range of topics and strategies, summit participants should remember the importance of trade as a development tool.
Trade preference programs can encourage investment, promote prosperity and ultimately reduce poverty in the world’s least developed countries.