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WTO adopts first Aid for Trade declaration in two decades

Members seek new financing partnerships to help developing economies but announce no fresh funding commitments.

A new trade declaration capped the two-day 10th Global Review of Aid for Trade held at WTO headquarters in Geneva.
A new trade declaration capped the two-day 10th Global Review of Aid for Trade held at WTO headquarters in Geneva. (WTO)

World Trade Organization members reached their first multilateral agreement on Aid for Trade in two decades, adopting a declaration aimed at mobilizing new financing and private-sector partnerships to help developing economies participate more fully in global commerce.

The agreement, reached in Geneva on Friday at the conclusion of the WTO's two-day Global Review of Aid for Trade, marks the 20th anniversary of an initiative designed to help developing countries overcome infrastructure, technical and institutional barriers to international trade.

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