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The study is organized as follows: Chapter 1 reviews the recent performance of the Honduran economy and the objective and coverage of the study. Chapter 2 provides a detailed examination of policies guiding trade and key institutions controlling trade practices. Chapter 3 describes trade control measures in terms of tariff measures, price controls, financial measures, quality controls, and technical measures. Chapter 4 examines trade and macroeconomic policies affecting exports through direct export policies, tariff-induced biases against exports, and exchange rate policies affecting the international competitiveness of exports. Chapter 5 proposes a trade strategy for Honduras in the light of its existing national development plan, and it identifies the key initiatives needed to support the proposed strategy and the preparation of the WTO trade policy review. .