Global Trade Countries whose exports involve a high proportion of primary products are generally disadvantaged by global trade regimes. Many developing countries are disadvantaged by any type of trade involving primary exports. The global trade regime favors those countries whose exports consist primarily of secondary products. Many developed countries have created various trade restrictions that are not conducive to trade in primary products. Some of these restrictions include taxes, export bans, controlled exports, and even regulated exports. Some of the export bans imposed by countries include trade in fishery products, wildlife, and even some species of animals and plants. Restrictions on trade in primary products come in the form of imposition of taxes. Taxes come in different forms which include ad valorisation tax, specific tax and even progressive tax. The high tax rates act as a form of discouragement for traders who are prevented from exporting primary products. The value of the products is very low compared to the taxes imposed. Another form of trade regulation is the imposition of non-export-friendly policies such as the introduction of quotas and licensing requirements. The volume of trade in primary goods is limited by quotas and this has a negative effect on gross domestic product. In the long run, economic growth in developed countries is slowed by lack of income (Das, 2004). To summarize, developed countries have enacted legislation intended to supervise any form of trade involving primary products. Oversight programs inform tariffs controlled by developed countries. This means that there will be tariff escalation and… a paper medium… will ensure the growth of developing country economies. Fiscal restrictions should be removed to encourage trade in primary products. Removing these trade policies will also ensure that countries have increased revenue collection and thus a huge increase in gross domestic product. In case trade regimes remain unchanged, developing countries will achieve little economic improvement, hence the manipulation by developed countries. ReferencesDAS, DK, 2004. Regionalism in global trade. Cheltenham, UK: Edward Elgar.GOMORY, RE, & BAUMOL, WJ,2000. Global trade and conflicting national interests.Cambridge; MIT Press.HELPMAN, E.,2011. Understanding global trade. Cambridge, Mass, Belknap Press of Harvard University Press.HEPPLE, BA,2005. Labor law and global trade. Oxford, Hart.