The Republic of Korea is contributing USD 300,000 (approximately CHF 300,000) to help developing and least-developed countries participate more fully in multilateral trade negotiations.

This donation to the WTO’s Doha Development Agenda Global Trust Fund will finance training workshops for officials in Geneva and elsewhere to help them better understand and implement WTO agreements. Over 2,600 workshops have been organized since the fund was created in 2001.

WTO Director-General Roberto Azevêdo said: “Korea’s donation provides very welcome support to help improve the trading prospects of the WTO’s developing and least-developed members, thereby helping them to integrate more fully into the world economy. I thank Korea for its sustained generosity.”

The WTO Ambassador for the Republic of Korea, Ms Ji-ah Paik, said: “As one of the biggest beneficiaries of the multilateral trading system, Korea strongly supports the WTO’s efforts in helping developing and least-developed countries maximize trade opportunities so that they can advance their economic and social development. Through this contribution, Korea aims to further enhance the negotiating skills and expertise of trade officials in these countries.”

Overall, the Republic of Korea has donated approximately USD 5.5 million (CHF 5.5 million) to WTO trust funds over the last 15 years.