In a commitment to bolster inclusive global trade, Japan pledges EUR 115,000 (about CHF 108,000) to the WTO's Global Trust Fund for 2024, aiming to support training programs for government officials from developing economies and least-developed countries (LDCs).
This contribution underscores Japan's dedication to enhancing the trade-related capabilities of developing nations, enabling them to navigate and negotiate effectively within the multilateral trading system. By broadening expertise in WTO matters, these countries can harness the benefits of global trade, fostering economic development and contributing to a more equitable and sustainable global trade landscape.
The Global Trust Fund, financed by contributions like Japan's, facilitates approximately 280 activities annually, offering tailor-made training courses at regional and national levels. These activities cover various areas including trade facilitation, agriculture, development, and services, empowering government officials to drive impactful policy decisions.
Japan's Ambassador and Permanent Representative to the WTO, Atsuyuki Oike, expressed Japan's commitment, stating, "Japan's support aims to facilitate the integration of developing country members and LDCs into the multilateral trading system, strengthening their trade-related capabilities."
WTO Director-General Ngozi Okonjo-Iweala commended Japan's contribution, emphasizing the critical role of the Global Trust Fund in building the capacity of officials from developing economies. With enhanced trading skills, decision-makers can effectively leverage international trade opportunities for the betterment of their countries' citizens.
This latest pledge adds to Japan's longstanding support for the WTO, with close to EUR 13.5 million (approximately CHF 12.6 million) donated to various WTO Trust Funds over the past two decades.
Japan's commitment underscores the importance of collaboration and capacity-building initiatives in fostering inclusive and sustainable global trade.
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