Monday, 16 November 2009

EU provides EUR 1 billion for trade facilitation in developing countries

The European Union has today presented to the World Trade Organization the trade facilitation projects it has financed between 2006 and 2008. The review shows that the EU has spent EUR 1.01 billion on 95 projects related to capacity building and technical assistance. The projects have helped simplify import and export procedures, boosting the ability of developing countries to benefit from trade and open global markets. The projects are part of an overall commitment to Aid for Trade by the European Union worth more than EUR 7 billion every year.

Source: European Commission