| Food security, LDCs, small business champions take centre stage at Day 2 of Aid for Trade |
| Day 2 of the 2024 Aid for Trade Global Review on 27 June explored how least developed countries (LDCs) can become more active players in international trade and achieve food security. The event also saw the announcement of the winners of the 2024 Small Business Champions Competition. |
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| Worldwide push for sustainable fisheries highlighted at Aid for Trade Global Review |
| The increasing level of development assistance to promote sustainable fisheries in developing economies, including through the implementation of the WTO Agreement on Fisheries Subsidies, demonstrates a strengthening of the global commitment to protect the world’s oceans and bolster food security, speakers said at an Aid for Trade Global Review event on 27 June, where a new report by the WTO Secretariat was launched. The need to increase financial disbursements was also underscored to fully address the challenges facing global fisheries and ensure their long-term health and productivity. |
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| High-level session examines challenges for least developed countries in global trade |
| A high-level session at the Aid for Trade Global Review on 26 June examined WTO members' work so far to strengthen the capacity of least developed countries (LDCs) to trade and to integrate into international value chains. Speakers examined what more can be done to better help LDCs fully realize their trade potential and use trade as a force for growth and development. |
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| Members adopt key report on challenges and opportunities in SPS Agreement implementation |
| WTO members have adopted a landmark report on the Sanitary and Phytosanitary (SPS) Declaration Work Programme that responds to the challenges and opportunities facing international trade in food, animal and plant products. In adopting the report at a meeting of the SPS Committee on 26 June, members fulfilled the mandate given by ministers at the 12th WTO Ministerial Conference (MC12) in June 2022. |
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| Joint WTO-World Bank work programme on trade in services unveiled at Aid for Trade Review |
| During a panel session at the Aid for Trade Global Review on 26 June, Deputy Director-General Johanna Hill unveiled a joint programme of activities by the WTO and the World Bank to assist developing economies in services trade. This programme is a follow-up to the recommendations contained in the joint publication “Trade in Services for Development” launched by the two organizations in 2023. |
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DG Okonjo-Iweala: Aid for Trade is vital for developing economies to benefit from trade
Trade offers up opportunities that developing economies can and should seize, said WTO Director-General Ngozi Okonjo-Iweala at the opening of the 9th Global Review of Aid for Trade on 26 June. Over two and a half days, government officials, heads of international organizations and trade practitioners will share insights on how to better integrate developing economies into global trade. The opening also saw the launch of “Aid for Trade at a Glance 2024”, a co-publication of the WTO and the
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US$ 648 billion of funding helps to integrate developing economies into global trade
The WTO-led Aid for Trade initiative has contributed US$ 648 billion since 2006 to strengthen the export potential of developing economies and least-developed countries (LDCs). The impact of the initiative in improving these economies’ capacity to trade is revealed in a new publication — “Aid for Trade at a Glance 2024” — launched by the WTO and the Organisation for Economic Co-operation and Development (OECD) on 26 June.
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DG Okonjo-Iweala: More collaboration is needed to help Africa reap benefits of cotton trade
At the 9th Global Review of Aid for Trade on 26 June, Director-General Ngozi Okonjo-Iweala welcomed progress made in the WTO-FIFA-led “Partenariat pour le Coton”, an initiative aimed at helping African countries move up the cotton value chain. Hailing the expansion of the multi-agency partnership and the completion of assessment studies, the DG emphasized the need for enhanced collaboration to help African cotton producers benefit more fully from cotton trade.
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Chairs Programme can help trade deliver for people — DG Okonjo-Iweala
Speaking at the WTO Chairs Programme Annual Conference on 25 June, Director-General Ngozi Okonjo-Iweala said the network’s academic research is “helping governments and other stakeholders ensure that trade benefits all sections of society, including women, young people and indigenous populations — and that it benefits the planet.” Members of the Chairs Programme from across the world are taking part in the conference in Geneva to strengthen their collaborative work on maximizing the potential of trade to reduce inequalities in developing economies.
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Geneva Week invites participants to delve into recent developments in international trade
Close to 20 participants from ten countries are participating in the 2024 edition of “Geneva Week” taking place from 25 to 28 June for WTO members and observers who do not have permanent missions in Geneva. During the week, participants will be updated on the latest developments within the WTO and will discuss the effect of global crises on the multilateral trading system.
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Chairs Programme discusses importance of cooperation among participating universities
The WTO Chairs Programme began its three-day Annual Conference on 24 June, bringing together participants in the Programme to explore the role of trade in reducing inequality and the importance of international collaboration within the network of academic institutions.
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