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WTO launches first global review of Aid for Trade

15 Nov '07
2 min read

The WTO, its members and key international agencies will conduct the first global review of Aid for Trade — aimed at expanding the trade capacity of developing countries — on 20-21 November 2007 in Geneva.

“We are moving from making trade possible to making trade happen,” said Director-General Pascal Lamy. “With Aid for Trade, we have the tools to break the shackles that have been holding back the trade potential of many poor countries.”

“We are moving from making trade possible to making trade happen,” said Director-General Pascal Lamy. “With Aid for Trade, we have the tools to break the shackles that have been holding back the trade potential of many poor countries, such as substandard infrastructure, lack of modern technology and inadequate financing.”

“We want to ensure — from the very beginning — that developing countries can take advantage of the new trading opportunities that will emerge from the Doha Round,” he added.

The objectives of “Mobilizing Aid for Trade: A Global Review” are threefold:

• Take stock of what's happening: The global review weaves together various inputs in the monitoring process, including a discussion on the results and recommendations of the three regional reviews that took place recently, in Lima, Peru for Latin America and the Caribbean; in Manila, Philippines for Asia and the Pacific; and in Dar es Salaam, Tanzania for Africa.

• Identify what should happen next: The meeting is expected to help develop roadmaps for mainstreaming trade in national development strategies. For the next steps, partner countries, donors and agencies will be encouraged to identify key objectives and to discuss how these objectives can most effectively be met.

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