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South-South trade: tapping the potential.

Publication: International Trade Forum
Date: Thursday, July 1 2004

CHALLENGES

Developing countries don't fully exploit good business matches among their firms.

Exporters still tend to focus on traditional markets in industrialized countries. These markets are highly competitive and difficult to enter, whereas for many developing country firms, neighbouring markets offer immediate opportunities.

ITC has been promoting South-South trade for over 30 wars. The untapped potential is great among developing country firms. What is holding them back?

The answer is a mix of related facts and perceptions.

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Table 45. Other Emerging Market and Developing Countries--Medium-Term Baseline Scenario: Selected Economic Indicators Eight-Year Averages Four-Year 1995- Average 1987-94 2002 2003-06 2003 Annual percent change Other emerging market and developing countries Real GDP 3.5 4.7 6.6 6.5 Export volume (1) 6.3 8.3 11.5 10.8 Terms of trade (1) -1.0 0.5 ......

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South-South trade: tapping the potential.

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