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WTO & OECD hikes LDC TRTA/CB fund by 50pc

13 Dec '05
2 min read

World Trade Organization (WTO) and Economic Co-operation and Development (OECD) jointly reported that the amount of trade-related technical assistance and capacity building — to help developing and least-developed countries (LDC) to participate more efficiently in international trade — has increased by 50 percent since the Doha Ministerial Declaration in November 2001.

The amount of trade-related technical assistance and capacity building (TRTA/CB) — to help developing and least-developed countries to participate more efficiently in international trade — has increased by 50% since the Doha Ministerial Declaration, in November 2001.

As donors become increasingly active in this area, aid for trade capacity has grown to some 4.4% of total aid commitments of the world's major contributors, according to a joint report by the World Trade Organization (WTO) and the Organisation for Economic Co-operation and Development (OECD).

The report draws from a joint WTO/OECD database on trade capacity building available at http://tcbdb.wto.org. This database, launched in November 2002, now contains almost 15 000 activities covering the period 2001-2006, and consolidates trade-related aid commitments in the areas of capacity building and technical assistance, reported by more than 40 bilateral donors and multilateral agencies.

Assistance is provided within three categories:

- Trade policy and regulations — to help countries reform and prepare for closer integration in the multilateral trading system — up from USD 0.65 billion in 2001-02 to USD 0.85 billion in 2003-04;

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