The Aid for Trade initiative was launched at the Hong Kong Ministerial Conference in December 2005
(Final Version |
Paragaph 57). In February 2006 the WTO established a
Task Force,
with the aim of “operationalizing” Aid for Trade.
The Task Force recommended in July 2006 that Aid for Trade should focus on identifying the needs within recipient countries, responding to donors and acting as a bridge between donors and developing countries. It also recommended the establishment of a monitoring body in the WTO, which would undertake a periodic global review based on reports from a variety of stakeholders.
Aid for Trade aims to help developing countries, particularly least-developed countries, develop the trade-related skills and infrastructure that is needed to implement and benefit from WTO agreements and to expand their trade.
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