Aid for Trade at a Glance 2015
Reducing Trade Costs for Inclusive, Sustainable Growth
The Aid for Trade Initiative has allowed for the active engagement of a large number of organisations and agencies in helping developing countries and especially the least developed build the infrastructure and supply-side capacity they need to connect to regional and global markets and improve their trade performance. The new development paradigm under the post-2015 Development Agenda requires an integrated approach to ensure that the aid for trade achievement leads to inclusive and sustainable development outcomes. Embedding trade cost at the centre of the Aid for Trade Initiative provides an operational focal point for such action among a broad collation of stakeholders.
The 2015 joint OECD/WTO publication Aid for Trade at a Glance focusses on how reducing trade costs will help in achieving inclusive and sustainable economic growth. The publication contains contributions from the Enhanced Integrated Framework, the International Trade Centre, the United Nations Conference on Trade and Development, and the World Bank.
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Introduction
Trade can play a powerful role in contributing to productivity, growth, incomes and jobs. The evidence is incontrovertible that openness to trade raises national incomes. Trade can also contribute to new and better jobs and improve overall working conditions. It is essential for the transfer of knowledge, technology and skills – and thus for development. Indeed, trade is in most cases the single most important external source of development financing. Aid for trade helps developing countries maximise the gains from trade by assisting them to analyse, implement and adjust to trade agreements and to build their supply-side capacity and infrastructure they need to compete internationally.
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