Feature: Aid for Trade: Its Impact and Effectiveness
Written by Chevon Erasmus Porter
18 July 2011
Aid for Trade: Its Impact and Effectiveness
“Trade not aid” has long been a mantra for those who believe that developing countries need to grow and integrate their economies through world markets rather than relying on hand-outs from donors. In 2005, the World Trade Organization (WTO) Ministerial meeting in Hong Kong agreed to strengthen the link between these two issues with the launch of the Aid for Trade initiative. The aim was to promote additional development assistance, especially to least developed countries, in order to help them better participate in the world trading system.
