"Aid for Trade" helps Least Developed Countries advance

Aid for Trade meeting

Developing countries are being helped by a program started in 2005 that provides financial and technical assistance for them to take part in international trade.

A global review of the "Aid for Trade" program is underway at a World Trade Organization (WTO) conference in Geneva.

WTO Director-General Pascal Lamy says its not just developing countries making progress, but also Least Developed Countries (LDCs), are mainstreaming trade into their national development strategies.

However, Lamy admits more needs to be done.

"If success is a journey of a thousand small steps, I can tell you with confidence that this journey is now shorter. By helping countries plug into the global economy, aid for trade is helping make the journey shorter. Can I tell you how many fewer steps we need to take? No, we must get better at counting. Am I sure that Aid for Trade, which helps developing countries enter this world of "trade in tasks", offers unprecedented possibilities for economic growth, income growth and poverty alleviation? Unquestionably, yes."

Duration: 43″

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