WTO appreciates Luxembourg funds for Doha Development
24 Nov '05
1 min read
World Trade Organization (WTO) reported that Luxembourg has donated EUR 250,000 to the Doha Development Agenda Global Trust Fund (DDAGTF), a contribution that will be used for the implementation of the activities included in the Technical Assistance and Training Plan.
WTO Director-General, Mr. Pascal Lamy stated that he thanks Luxembourg for this contribution that will be important for enhancing Least-Developed Countries' participation in the Doha Round of negotiations through technical assistance. This is an essential tool to train developing countries' representatives to participate more efficiently in the Multilateral Trading System.
This last contribution brings the total amount donated by Luxembourg to the DDAGTF since its creation to more than EUR 500,000. The Doha Development Agenda Global Trust Fund was created following the WTO Ministerial Conference in Doha, in November 2001, which launched a new round of negotiations.
Switzerland based WTO is the only international body dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world's trading nations and ratified in their parliaments. The goal is to help producers of goods and services, exporters, and importers conduct their business.
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