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The trials and tribulations of acceding to the WTO: Vanuatu’s experience

Written by Yurendra Basnett

As a WTO member, least developed countries (LDCs) gain a voice in the shaping of the global trading system. That voice may be too feeble and drowned in the cacophony to make any real impact; nevertheless, it counts. Moreover, as part of the most favoured nation group of trading countries, LDCs receive enforceable guarantees that they will not be disadvantaged from benefits accruing to the rest of the body. The membership also comes with costs, not the least of which is trying to become a member.