MIL-OSI Banking: United States gives USD 600,000 to boost negotiating capacities in developing countries

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Source: WTO News

Headline: United States gives USD 600,000 to boost negotiating capacities in developing countries

Over 2,900 activities have been organised under the WTO’s Global Trust Fund over the past 20 years.
“I thank the United States for its continuing commitment to help developing countries and LDCs enhance their trading capabilities”, said Director-General Ngozi Okonjo-Iweala. “The active participation of all WTO members in the multilateral trading system is essential to maximise the economic benefits that trade can bring to people across the world.”
The United States Trade Representative, Ambassador Katherine Tai, said: “Implementation of WTO rules are an important part of a resilient trade policy that provides opportunities for sustainable development and poverty reduction in developing and least-developed countries. The United States’ contribution to the Global Trust Fund will provide important funding for effective, targeted, and demand-driven technical assistance for developing countries.”
“As we work with WTO members to reform and revitalize the WTO, we are pleased to support the ongoing work of the WTO that can strengthen local communities and help workers around the world, particularly as economies work to recover from the COVID-19 pandemic,” Ambassador Tai added.
Overall, the United States has donated over USD 26 million (close to CHF 24 million) to the various WTO trust funds.

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