WTO should not only be a table for debate, should also analyze the situations and process to be adopted so that developing world gets relief from unmanageable debts. If International community really wants least developed or developing countries to come up.
Patent regime by a few multinational companies of developed countries need to be restricted. So the monopoly is in controlled form.
Control over price fixation by multinationals so on necessities imports developing world are not burdened.
Encourage labour oriented produces by provision of incentives to importers. And certain disadvantages to fully auto products that can be produce semi auto or human. Will ultimately help generating world employment. Free trade will become only partial and most least and developing will not be able to reap much against cheaper auto machine products and better know how.
Communication and other necessary advanced products for help of country’s economic growth should have the right to obtain technical advice and right of production of spare parts by self.
Subsidized technical help to least developed and developing countries so that they have fullest use recourses to export at least in semi or finished (instead of raw material) against heavy imports.
Protectionism method by developed countries to their small scale industries and agricultures to be discouraged.
Human sources (services) to other countries should also come under trade free or minimum restricted. This is flourishing segment that is property of developing countries.
WTO should be more transparent machinery than the present position. Most issues brought favours the developed countries, the WTO system would become even more imbalanced and inequitable.
Survival of WTO is possible only when developing countries feel they get justice for trade practices/ disputes and agreements. Free or liberal market can alone not help developing countries we must also see how they can be in more advantageous. Quota abolition is waste until there is demand for their products of least developed and developing countries.
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