2 MEDCs add import taxes/tariffs to LEDC products, this makes them more expensive.
3 MEDCs put quotas on the import of LEDC products- they are only allowed to export a set amount to a country.
4 MEDCs can also give subsidies to their producers.
5 LEDCs could protect their own producers with taxes, tariffs and quotas, but they are likely to lose loans from MEDCs.10p15p10p
6 MEDCs have joined trading blocks, such as the European Union, which protect their producers from outside imports, but allow free trade between each other.
7 LEDCs have been encouraged to produce primary products, as such overproduction leads to falling prices...1p10p
8 Primary agricultural products are effected by a number of natural factors which are out of the control of producers.
9 LEDCs tend to export primary goods and import secondary products. This creates a deficit which they have to fill with loans.100p10p
10 Trade rules and accessing MEDC markets Skilled and educated workforce I t would be in the interests of LEDCs to produce secondary products, but they struggle to do this because...Capital to investInfrastructureTrade rules and accessing MEDC marketsSkilled and educated workforcePolitical stability