Aid for Trade to developing countries: EU maintains its leader position

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Aid for Trade to developing countries: EU maintains its leader position

BRUSSELS, Kingdom of Belgium, July 9, 2012/African Press Organization (APO)/ ? The EU and its Member States have once again been confirmed as the largest provider of Aid for Trade in the world, despite the current economic crisis, according to a new monitoring report presented by the European Commission today. In fact, the EU accounted for around a third of total worldwide Aid for Trade in 2010; maintaining the all-time high registered the year before and totalling some ?10.7 billion committed.

On Trade Related Assistance, the EU and its Member States had already met their ?2 billion target, committed in the 2007’s EU Aid for Trade Strategy, both in 2008 and in 2009. Aid for Trade helps countries to develop trade strategies, build trade-related infrastructure and improve their productive capacity in order to encourage growth and reduce poverty. Activities include helping countries to build their capacity to trade, through training and technical cooperation such as supporting national trade priorities, adjusting legislation on trade and providing technical assistance for studies on trade-related subjects. The report shows that total Trade Related Assistance reached ?2.6 billion in 2010 and the EU and its Member States remain the biggest providers; making up 60% of global commitments. Sub-Saharan Africa continues to be the main beneficiary of EU Aid for Trade.

Full version of the press release:

http://europa.eu/rapid/pressReleasesAction.do?reference=IP/12/758&format=HTML&aged=0&language=EN&guiLanguage=en

SOURCE?

European Commission

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