Aid for trade: making it effective
OECD, Dec 6, 2006 - Business & Economics - 94 pages
One of the most effective ways to realise the potential of trade as a tool for development and poverty reduction is through meaningful market access. That being said, increasing the trade capacity of less advanced developing countries so that they become more dynamic players in the global economy requires a wide range of support. At the 2005 Hong Kong WTO Ministerial Conference, ministers called for the expansion of Aid for Trade to help developing countries benefit from WTO agreements and expand their trade, while recognising that such aid should not substitute for successful market access outcomes in the core areas of the Doha Development Agenda. In effect, the current suspension of talks in Geneva may provide a breathing space to make Aid for Trade fully operational in time for the completion of the negotiations. It is therefore important to keep up the momentum to ensure that Aid for Trade does deliver its promises.
Aid for Trade: Making it Effective sets out how much aid the members of the OECD Development Assistance Committee (DAC) are already providing towards trade-related activities. It reviews the effectiveness of existing programmes, and argues that reinforcing mutual accountability at the local level, together with a global review mechanism, i.e. applying the Paris Declaration on Aid Effectiveness, would enhance the impact of Aid for Trade. In particular, strengthening country ownership and management for results are essential to ensure that Aid for Trade delivers larger benefits from the multilateral trading system to the least developed and developing countries, and enables them to develop effectively.
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WHEN IS AID EFFECTIVE?
PRIORITIES FOR IMPROVEMENT
Annex A Methodology
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