51吃瓜

4 May 2021. Daniel Gay. It is widely accepted that least developed countries (LDCs) leaving the category need special measures to smooth the transition. The next graduates include Bangladesh, Bhutan, Lao PDR and Solomon Islands, but others will soon follow. For those countries not only will smooth transition include the gradual phasing out of existing support like trade preferences and capacity-building assistance, it must also encompass any new support measures put in place before they graduate. One of these new measures seems likely be an exemption for LDCs to the European Union’s (EU’s) proposed Carbon-Border Adjustment Mechanism (CBAM). See News item on this website for full text.