Contents with tag: aid for trade
The Agenda For Change, first unveiled in 2011 and approved in May 2012, will determine European Union (EU)’s development policy in the coming years. It is an attempt to improve EU poverty reduction efforts by making its development assistance “more strategic, targeted and results-oriented”.“Impact” has become a buzzword among European development officials but issues that plague European development cooperation over the years call to question whether or not the new overseas aid policy can indeed bring about real transformation in the lives of the poor in Asia & the Pacific.
Since the World Trade Organization (WTO) Ministerial Conference in Hong Kong in 2005, ‘Aid for Trade’ (AfT) has become the new catchphrase in international development to foster and promote trade and liberalization. Originating from the 2001 ‘Doha Development Round’, the WTO reasons: “Aid for Trade aims to help developing countries, particularly least developing countries, develop trade-related skills and infrastructure that is needed to implement and benefit from WTO agreements and to expand their trade”[i]. As such, the framework is complementing WTO trade reform and market opening by focusing on capacity building, particularly on trade policy and regulation and improving trade-related infrastructure to ease supply side bottlenecks.