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Monday, 14 February 2011

Spain gives €1 million to support least-developed countries’ trade

The Government of Spain is contributing €1 million to the Enhanced Integrated Framework (EIF) programme and increasing its commitment to help least-developed countries (LDCs) realize their trade potential, offering a route out of poverty towards sustainable development for communities in need. The EIF Executive Secretariat is housed in the WTO. Spain is one of the main donors among 22 countries as well as institutions whose collective efforts back the EIF multi-donor trust fund and is continuing to play an active role in championing the Aid for Trade agenda. In 2010, Spain hosted a workshop for African LDCs that brought together practitioners and experts to support countries to participate even more actively in the multilateral trading system. The EIF partnership, which is set up in 47 countries, with donor and international agency support, has been fully operational since July 2009. A new pipeline of 20 catalyst projects covering sectors including honey production, cabbage and mango processing is planned for 2011, to help countries overcome supply-side constraints to trade and develop a strong and secure basis for export growth.

Source: WTO