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Ngozi-Okonjo-Iweala, Former Nigerian Coordinating Minister of Economy and Finance

WTO, France Seal €6m Deal to Deepen Trade in Developing Countries

Ololade Omosan-Agie

France is donating approximately €6 million to finance the World Trade Organisation’s  technical assistance programmes for developing countries and least-developed countries (LDCs) from 2021 to 2023.

The intervention is aimed at improving participants’ understanding of global trade rules and standards.

French Finance Minister, Bruno Le Maire and the country’s Minister Delegate for Foreign Trade, Franck Riester, confirmed the contribution at a signing ceremony with WTO Director-General, Dr. Ngozi Okonjo-Iweala, held at Geneva, recently.

In the meeting with Okonjo-Iweala, they discussed a number of issues, including the role of the WTO in supporting a post-COVID-19 economic recovery, WTO reform, climate change and sustainability issues, gender and e-commerce.

The internship programme sponsored by France and Ireland would receive an annual contribution of €900,000 to finance internship for government officials at the permanent missions of developing countries and LDCs in Geneva.

According to the statement, a yearly amount of €550,000 would be targeted to support the new phase of the WTO’s Chairs Programme aimed at helping academic institutions in developing countries and LDCs build their expertise in trade policy, international trade economics, international relations and international economic law.

Since the launch of the Programme, which has been part of the Global Trust Fund for ten years and is covered by the technical assistance plans, the WTO has provided financial support.

The Standards and Trade Development Facility would receive annually €400,000 to help developing countries and LDCs implement food safety, animal health and plant health standards required for international trade and to improve their sanitary and phytosanitary capacity.

Commenting on the agreement, Okonjo-Iweala said: “The technical assistance activities which France is supporting will provide developing countries and LDCs with essential skills and knowledge so that they may more effectively participate in multilateral trade, including trade negotiations, and achieve meaningful outcomes for the people they serve. I welcome France’s continued generosity.

On his part, Maire, said: “France is convinced that the WTO has a major role to play in the wake of the economic crisis. We need to move forward on a number of reforms so that the WTO can play its role again in easing trade tensions and settling disputes, so that every country can reap the benefits that international trade offers, including developing countries. “Our discussions with the Director-General focused on transforming and improving the WTO’s Appellate Body, on clarifying and respecting multilateral trade rules, and on strengthening the WTO’s role in the fight agai

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