Magazine article International Trade Forum

Trade Forum

Magazine article International Trade Forum

Trade Forum

Article excerpt

LETTER FROM THE INTERNATIONAL TRADE CENTRE

The Second Global Aid for Trade Review hosted by the WTO in early July revealed areas of consensus on the way forward. One after the other, heads of international organizations called for moving on to the implementation phase, resisting protectionism, more trade finance, a stronger role for the private sector and completing the Doha round. Strengthening the regional dimension of Aid for Trade, encouraging country ownership and better impact evaluation were also high on the agenda. "If Aid for Trade was urgent in 2007, it is essential today - it is the investment that will allow many developing countries prepare to exit the crisis by enhancing their trade capacity," stated WTO Director-General Pascal Lamy at the event.

ITC is 100% Aid for Trade. Of the five building blocks on which Aid for Trade is built - trade policy and regulations, trade development, building productive capacity, trade-related adjustment and trade-related infrastructure - ITC plays a specific role in the first three.

We believe in the importance of Aid for Trade in creating positive change within countries. It is our responsibility to translate the broader trade imperatives into reality for the private sector on the ground and to ensure that this brings benefits to those who need them most.

The current economic crisis is focusing governments' minds on the trade and development policy options that can deliver most to their economies. Aid for Trade is complex in itself and, with the added complexity caused by the crisis, there is an important role for us m making sure that the issues (and the opportunities) are well understood in developing countries and donor communities. Especially in the business community.

ITC strongly encourages private sector involvement in Aid for Trade, looking to involve them in three ways. …

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