Germany donates EUR 1 million to help developing countries participate effectively in trade talks
Enlarge image 20.06.2017: WTO Deputy Director-General Yonov Frederick Agah with Germany's Alternate Ambassador to the WTO, Walter Werner (© StV-AR)
The government of Germany is contributing EUR 1 million (approximately CHF 1,100,000) to help developing countries 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, at the WTO on 20 June 2017 to acknowledge Germany’s donation to the WTO’s Doha Development Agenda Global Trust Fund (DDAGTF).
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, approximately 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 be essential to help officials from developing and least-developed countries acquire the necessary tools to participate effectively in multilateral trade negotiations. I welcome Germany's continuous generosity."
Ambassador Werner said: “Trade stimulates economic development. Germany cooperates closely with developing countries in order to better integrate them into the multlaterale trading system.”
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.