wto aid for trade funding holds steady in 2010
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

WTO: Aid for trade funding holds steady in 2010

Arab Today, arab today

Arab Today, arab today WTO: Aid for trade funding holds steady in 2010

Geneva - AFP

Donar aid to fund trade appeared to hold up in 2010 despite weak global economic growth and increasing concerns over state debt, the World Trade Organization said on Monday But with pressure expected to grow in coming months over the high debt of major donor countries such as the United States, emerging economies may have to take a bigger role in financing aid for trade, the WTO said. "At this stage, crisis effects and pressure on budgets of major donors -- the European Union, Japan and the United States, have not yet bit into aid for trade," WTO deputy director general Valentine Rugwabiza said. "We have a mere indication of the numbers in 2010, not that the numbers have decreased, but there is a kind of plateau," she added. Nevertheless, there is "clearly going to be increased pressure" on aid for trade funding in coming years as major donors are themselves struggling with large budget deficits and high unemployment, she acknowledged. She called therefore on emerging economies to fill in the gap. "We are already seeing an increased role of south-south cooperation in aid for trade, not yet at the potential it could reach. We think that that is also another avenue," she said ahead of this week's WTO Aid for Trade review conference. Heads of international organisations, including UN Secretary-General Ban Ki-moon, World Bank President Robert Zoellick and OECD Secretary-General Angel Gurria are expected to attend the two-day conference opening Monday. The Aid for Trade process launched at a WTO ministerial conference in December 2005 aims to help developing countries build infrastructure to take full advantage of a successful world trade liberalisation deal. Aid for trade encompasses grants and loans to build roads, ports and telecommunications, among others, as well as technical assistance in helping countries develop trade strategies or negotiate more effectively. In 2009, aid for trade commitments reached $40 billion, up just 2 percent from 2008, slowing significantly from the 28 percent jump recorded in 2008 against 2007. However, Africa also surpassed Asia for the first time in 2009 to become the biggest recipient region of aid for trade funding. This was because the donors are focusing more on low-income countries, which have become better at marketing their potential and therefore attracting more aid. In addition, new players such as China was contributing significantly to aid for trade in Africa, added Rugwabiza. On Friday, China said it would give $400,000 (283,000 euros) to help the world's poorest countries join the WTO or participate in the trade body's activities.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

wto aid for trade funding holds steady in 2010 wto aid for trade funding holds steady in 2010

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

wto aid for trade funding holds steady in 2010 wto aid for trade funding holds steady in 2010

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday