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Thursday, 25 February 2010

French Aid for Trade

The Aid for Trade initiative highlights the support that developing countries, particularly the least developed, need to increase their capacity to benefit from the global expansion of trade. At the World Trade Organisation (WTO) Ministerial Conference held in Hong Kong in 2005, the international community mobilised and made financial commitments in favour of Aid for Trade. The European Union committed to increase its Trade-Related Assistance to €2 billion per year from 2010, including €1 billion from the Member States. In addition, in 2007, it adopted an Aid for Trade Strategy in which 50% of the increase in Trade-Related Assistance financing will be earmarked for the African, Caribbean and Pacific (ACP) countries France has adopted a new strategic framework for Aid for Trade, validated by its Inter-ministerial Committee for International Co-operation and Development (CICID) on 5 June 2009. This strategy sets out two priority goals to promote regional integration: supporting the development of regional trade policies related to the international markets; setting up a competitive offer on local, regional and international markets.

Source: French Development Agency