The Republic of Korea is contributing KRW 417 million (approximately CHF 350,000) to help developing and least-developed countries (LCDs) participate effectively in global trade negotiations.
This donation to the WTO’s DDA Global Trust Fund will finance training workshops for government officials to help them deepen their understanding of multilateral trade rules and strengthen their negotiating capacity.
Over 2,800 workshops have been organized since the fund was created in 2001.
Director-General Roberto Azevêdo said: “Korea’s donation will help developing countries and LDCs voice their positions more effectively in trade negotiations. This will in turn contribute to economic growth and sustainable development in their countries. I thank Korea for its generosity.”
Korea’s Ambassador to the WTO, the UN and other international organizations in Geneva, Ji-ah Paik, said: “Korea strongly supports the WTO’s efforts to enhance the trading capacities of developing countries and LDCs.
We hope that through our contribution, they can achieve further economic development by actively participating in international trade.”
Overall, Korea has donated approximately CHF 6 million to the DDA Global Trust Fund over nearly 20 years.