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A Preference Erosion Compensation Fund A new proposal to protect countries from the negative effects of trade liberalisation

Written by Sheila Page

'Developing countries which currently benefit from trade preferences will suffer substantial losses if trade liberalisation proposals currently being negotiated are carried through. They should be compensated by creating a special new fund of approximately $500m p.a. for perhaps ten years – a small share of the total benefit to the world from trade liberalisation.'