Canada to fund developing countries implementing global trade reforms
Chrystia Freeland, Minister of International Trade, and Marie-Claude Bibeau, Minister of International Development and La Francophonie, announced that.
The TFA will reduce trade costs and create conditions that will help move the world’s poorest and most vulnerable people out of poverty. Canada, a founding donor of the Global Alliance for Trade Facilitation (GATF), will contribute $10 million to the initiative between 2015 and 2022.
Minister Freeland made the announcement on the margins of the 10th WTO Ministerial Conference in Nairobi, Kenya.
The Government of Canada will partner with the GATF, an organization that matches private-sector expertise with the needs of developing countries committed to implementing trade reforms.
Through the Alliance, private-sector experts identify, validate and support practical reforms aimed at reducing red tape, trade costs and border waiting times, and these reforms boost economic growth and reduce poverty. ■