Agency heads from the World Trade Organization’s Enhanced Integrated Framework, a multi-donor program that helps least-developed countries become more actively involved in global trade, met on Monday for the program’s fourth review.
The event was hosted by WTO Director-General Pascal Lamy, United Nations Development Program Administrator Helen Clark and United Nations Conference on Trade and Development Secretary-General Supachai Panitchpakdi, as well as representatives from LDCs.
Agency heads recommitted to assisting the world’s poorest nations in participating in global trade as the international community seeks to move forward on a post-2015 development agenda. The event brought agency and national representatives together to determine the necessary steps to reach a growth goal of 1.1 percent of world trade.
“The last few years have laid strong foundations,” Lamy said. “The EIF has a global reach extending to 49 LDCs and recently graduated countries. Trade features in 90 percent of LDCs’ national development plans. Supporting LDCs is a priority. We must show political support reaffirming our commitment and match leadership with investment in resources.”
The EIF, which was built on the original Integrated Framework established in 1997, is a partnership between 47 LDCs, donors and international organizations to help LDCs tackle supply-side trade constraints. The EIF has a broader goal of promoting economic growth and sustainable development by eliminating poverty.