Aid for Trade is an initiative by the World Trade Organization (WTO), as well as a policy concept in international economic and trade development, concerned with helping developing countries and particularly the least developed countries build trade capacity and infrastructure.[1][2][3]
Aid for Trade is included in Sustainable Development Goal 8 concerning "decent work and economic growth", which is one of the 17 Sustainable Development Goals which were established by the United Nations General Assembly in 2015. Target 8.a aims to "Increase Aid for Trade support for developing countries, in particular, least developed countries, including through the Enhanced Integrated Framework for Trade-related Technical Assistance to Least Developed Countries."[4]
In 2018, aid for trade commitments remained stable, at $58 billion, based on current prices.[5] South and Central Asia received the highest share thereof (31.4 per cent), followed by sub-Saharan Africa (29.2 per cent).[5] Lower-middle-income countries received 37.5 per cent of aid for trade, followed by least developed countries (36.8 per cent).[5]
^"WTO | Development - Aid for Trade fact sheet". www.wto.org. Retrieved 2020-09-21.
^Cite error: The named reference oecd was invoked but never defined (see the help page).
^Cite error: The named reference un was invoked but never defined (see the help page).
^United Nations (2017) Resolution adopted by the General Assembly on 6 July 2017, Work of the Statistical Commission pertaining to the 2030 Agenda for Sustainable Development (A/RES/71/313)
^ abcUnited Nations (2020). "United Nations World Economic Situation and Prospects". undocs.org. Retrieved 2020-09-02.
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