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    Maintaining Momentum on Aid for Trade

     

     
     
    International Trade Forum - Issue 2/2009

    The Second Global Review of Aid for Trade brought together heads of international organizations, donor and beneficiary countries as well as experts from the public and private sectors. Hosted by the World Trade Organization (WTO) on 6-7 July, the conference reviewed progress and charted the future of the Aid for Trade initiative against the backdrop of the global economic and financial crisis.

    Calling Aid for Trade a success story, participants urged further increases in financing aimed at expanding trade opportunities for developing countries. Aid for Trade grew by more than 10 per cent in real terms in 2007, with new commitments from bilateral and multilateral donors exceeding $25 billion. Moreover, there was an additional $27.3 billion in non-concessional trade-related financing.

    Key points reaffirmed at the session included the importance of resisting protectionism, concluding the Doha round, facilitating trade finance, promoting the regional dimension of Aid for Trade and emphasizing high-level political commitment for policy reform and the mainstreaming of trade in national development plans.

    For more information see www.wto.org