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Friday, 20 September 2013

EU pledges funding to enhance trade capacity of developing countries

This year, the European Union(EU)  will donate € 400,000 to the Trade Facilitation National Needs Assessments Trust Fund and € 200,000 to the Trade Facilitation Window I Trust Fund. Another donation of € 100,000 will be allocated to support the effective participation of Least Developed Countries in the 9th World Trade Organization (WTO) Ministerial Conference.
These donations will finance technical assistance programmes to help developing and least developed countries identify their needs and priorities in the trade facilitation negotiations. Trade facilitation looks at how procedures and controls regulating the movement of goods across national borders can be simplified to reduce costs and burdens. It also aims to make trade flows as efficient as possible.

Source: WTO

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