Top trade officials to meet in Manila for 'Aid for Trade' initiative
10 Sep '07
3 min read
At the WTO Hong Kong Ministerial Conference, major donors pledged around $15 billion for the “Aid for Trade” Initiative.
Trade has the potential to spur growth and lift millions out of poverty. This is clearly underscored by the success of East Asian economies which achieved rapid growth by embracing outward-oriented development strategies and investing in infrastructure.
But many other Asia-Pacific economies (including the least developed countries and the small states) lack the capacity and access to infrastructure to reap the benefits of globalization.
This “Aid for Trade” conference aims to stimulate a dialogue among Asia-Pacific economies, particularly LDCs and small states, and donor countries on how to boost economic infrastructure; focus on productive capacity building and provide help in transition to adoption of more outward-oriented trade policies; boost capacity to formulate, negotiate and implement trade policy and related agreements.
The discussions and results from the three regional meetings in Lima, Peru; Manila, Philippines; and Dar Es Salaam, Tanzania will contribute to WTO's “Aid for Trade” Review to be held in Geneva on 20-21 November 2007.
marketing@alchempro.com
