60% increase in Aid for Trade since 2005

global problems-global solutions

Resources to help developing and least developed countries trade with the rest of the world have increased by 60% over the past six years, according to a review of the Aid for Trade programme, run by the World Trade Organisation (WTO). A report released today also shows that funding is holding up in spite of the continued impact of the economic crisis. Nicki Chadwick reports.

“Aid for Trade was launched in 2005 to try to address the constraints faced by some of the world's poorest countries when it comes to trade. Despite the impact of the economic crisis, the latest figures show that 40 billion dollars is being spent to encourage trade, that's an increase of 60% in real terms since the programme began. A report by WTO and the Organisation for Economic Cooperation and Development (OECD) says that while many donors predict cutting future budgets for development assistance, they expect that Aid for Trade will remain a priority.

Helen Clark, Administrator of the United Nations Development Programme (UNDP) says that aid for trade helps developing countries to become more competitive, provides jobs and helps struggling economies to grow.

Nicki Chadwick, United Nations

Duration: 47"

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