Making Market Access Meaningful: Implementation of Duty-Free Quota-Free Trade for Asia-Pacific Least Developed Countries (ESCAP Trade Insights: Issue No.9)

Working paper30 Mar 2015

To integrate further least developed countries (LDCs) into the global and regional economies, a number of countries have introduced Duty-Free Quota-Free (DFQF) schemes for LDCs, allowing their imports to enter without paying tariffs. This note reviews those schemes and finds that Asia-Pacific LDCs are increasing their share of global exports, but while improved market access through DFQF schemes is useful, the developmental benefits will be limited unless the schemes are made relevant and usable.