Germany donates EUR 1 million to help developing countries participate in trade talks
The government of Germany is contributing EUR 1 million (approximately CHF 1,100,000) to help developing and least-developed countries (LDCs) enhance their trade negotiating skills. WTO Deputy Director-General Yonov Frederick Agah met with Germany’s Alternate Ambassador to the WTO, Walter Werner, on 20 June 2017 to mark Germany’s donation to the WTO’s Doha Development Agenda Global Trust Fund.
This donation will finance training workshops for officials in Geneva and elsewhere to help them better understand and implement WTO agreements. Since the creation of the fund in 2001, over 2,500 workshops have been organized.
Welcoming this new donation from one of the largest contributors to this fund, DDG Agah said: “This donation from Germany will significantly help officials from developing and least-developed countries acquire the necessary skill-set to participate effectively in multilateral trade negotiations. I welcome Germany’s ongoing generosity.”
Ambassador Werner said: “Trade can be an engine for stimulating economic development through job and wealth creation. Germany cooperates closely with developing and least-developed countries in order to help them better integrate into the multilateral trading system and reap the economic gains of global trade.”
Germany is the fourth donor to this fund in 2017. Earlier this year, the fund received contributions from Japan, Lithuania and Austria. Overall, Germany has donated over EUR 24 million (nearly CHF 27 million) to WTO trust funds in over 15 years.
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