PRESS RELEASE
TECHNICAL ASSISTANCE
UK gives CHF
850,000 to boost developing economies' capacity to negotiate trade deals
The WTO Global Trust Fund has received a contribution of GBP 750,000
(just over CHF 850,000) from the United Kingdom for 2025 to support the WTO's
training activities with a particular focus on services. The UK's contribution will help developing
economies and least developed countries (LDCs) to deepen their expertise on WTO
issues so that they can participate fully in negotiating and implementing trade
rules.
Over the past 10 years, the Global Trust
Fund has covered on average 50 per cent of the costs allocated to trade-related
training activities designed for government officials from developing economies. Services, agriculture and trade facilitation are among the broad
range of areas covered.
The UK Ambassador to the
WTO, Simon Manley, said: "The UK
is pleased to be working with the WTO’s Global Trust Fund to ensure that trade
in services – and in particular the Trade in Services for Development
initiative - helps developing countries harness the benefits of this sector for
job creation and economic development. As the fastest-growing area of
international trade, services offer a key pathway for these countries to better
integrate into the multilateral trading system."
The Trade in
Services for Development initiative is an Aid for Trade work programme
developed jointly by the WTO and the World Bank to help developing economies
and LDCs benefit more fully from the economic growth and development
opportunities resulting from services trade.
WTO
Director-General Ngozi Okonjo-Iweala said: "We are grateful to the UK for
generously supporting the WTO’s efforts to boost the trading and negotiating
capacities of developing economies and LDCs. This support will help government
officials translate the international market opportunities undergirded by WTO
rules into concrete benefits for businesses and people in their home
countries."
Overall, the UK
has contributed over CHF 14 million (close to GBP 13 million) to the various
WTO trust funds over more than 20 years.
END