EU gives $1.16 mn to WTO to boost trade capacity in developing nations

This contribution to the WTO's Global Trust Fund (GTF) will help finance the implementation of the global body’s technical assistance plan through targeted capacity-building initiatives.

These programmes enable government officials from developing economies to deepen their understanding of the multilateral trading system and enhance the implementation of their WTO obligations.

The contribution comes at a critical time and will help maintain valuable technical assistance activities, said WTO director general Ngozi Okonjo-Iweala in an official release, hoping that it will encourage other members to step forward in support of the WTO's capacity building work.

The Global Trust Fund finances approximately 280 activities each year, primarily through tailored training delivered at the national and regional levels, including online. These activities span a wide range of trade-related areas, including agriculture, digital trade, import licensing, standards, trade and environment and trade negotiation skills.

Since its establishment in 2001, the Global Trust Fund has supported over 2,800 training workshops worldwide.

Fibre2Fashion News Desk (DS)