Glossary of Terms

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Glossary of Terms

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LDC

See Least Developed Countries.

Least Developed Countries (LDCs)

The WTO recognizes as least-developed countries (LDCs) those countries which have been designated as such by the United Nations. There are currently 49 least-developed countries on the UN list, 32 of which to date have become WTO members.

Legal Duty

See Statutory Duty.