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Monday, 30 January 2012

Proposals to make trade and development instruments work together

Following the statements of EU Trade Commissioner Karel De Gucht and the presentation of the communication "Trade, growth and development", the European Commission (EC) presents this week a series of proposals to make trade and development instruments work conjointly to ensure real poverty reduction across the world. The proposals notably aim at reinforcing the trade capacities of developing countries by making trade part of their development strategy.
The role of trade is underlined one of the key drivers to support development, stimulate growth and to lift people out of poverty. Furthermore, today the EU calls for all developed economies to match its significant levels of market access to developing countries.
According to the EC, to achieve this goal, developing countries' leadership must also face up to their responsibilities, undertaking domestic reforms to ensure that the poor do indeed benefit from trade-led growth.

Source: European Commission