By Yonov Frederick Agah, Deputy Director-General, World Trade Organisation,writing on Business Fights Poverty:
The Aid-for-Trade Initiative was launched at the 2005 Hong Kong WTO Ministerial Conference to address supply-side capacity and trade-related infrastructure constraints that can prevent developing countries from converting trade opportunities into trade flows.
Eight years on, at the Ninth Ministerial Conference on 3-6 December 2013 in Bali, Indonesia, we expect stakeholders to recommit to this Initiative. The restatement will be a timely one. Aid for Trade can make a valuable contribution to the inclusive economic growth that lies at the heart of the debate on the UN’s post-2015 development agenda.
Since its launch, the Initiative has yielded tangible results for developing, and, in particular, least-developed countries. It has raised awareness among developing countries and donor agencies about the positive role that trade can play in promoting economic growth and development. In turn, this awareness has translated into the mobilization of resources and projects with results on the ground.
Successive Global Reviews of Aid for Trade have shown that developing countries, notably the least-developed, are getting better at articulating, mainstreaming and communicating their trade-related objectives and strategies. Without effective national and regional dialogues, governments and regional economic communities face problems in setting clear priorities and development partners face difficulties in aligning support. The Enhanced Integrated Framework has particular value in this process as it helps least-developed countries to understand these priorities, and funds projects to get these processes working effectively.
Click here to read the full post.