Unctad favours import sop for tsunami-hit countries


Posted: Tuesday, Jan 25, 2005 at 0000 hrs IST
Updated: Tuesday, Jan 25, 2005 at 0000 hrs IST


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New Delhi, Jan 24: In a move to speed up recovery of economies devastated by the tsunami waves, the United Nations Conference on Trade and Development (Unctad) has suggested that a temporary provision of duty-free treatment should be given to imports from affected countries in line with rules and disciplines of the World Trade Organisation.

It also demanded an immediate suspension or termination of all special trade restaining measures such as anti-dumping actions against products orginating in the affected countries like seafood and processed agricultural products, an official release said.

The European Union too is considering ways to use trade policy to provide relief for regions and businesses affected by tsunami, the release added.

Other recomendations made by Unctad include immediate measures to strengthen capacities of the affected developing countries and their businesses to restore infrastructure needed to conform with sanitary and phystosanitary standards for their exports and relaxation of market access for service providers of the affected countries to help generate additional foreign exchange.

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