Geneva - July 11, 2013 (MAP)
Geneva – July 11, 2013 (MAP)
Morocco has called on Wednesday in Geneva for increased mobilization to intensify inter-African trade through the Aid for Trade initiative meant to increase developing countries’ participation in value chains.
Amounts allocated to the initiative since it was launched have decreased in 2011 to stand at 39 billion USD compared to 45.2 billions in 2010, said Morocco’s delegate to the UN offices in Geneva, Omar Hilale, who took the floor in his capacity as African group coordinator during the 4th world trade organization meeting reviewing aid for trade.
The African continent received 12.3 billion dollars in commitment in 2011 against 13.7 billions in 2010, said the Moroccan diplomat who also expressed the African group attachment to the promotion of all sub-regional and regional chains in order to guarantee quality participation in global chains of value of developing countries, particularly African ones
Hilale went on that the WTO upcoming conference, slated for next December in Bali will be an opportunity for member-countries to reiterate the need for additional, effective and lasting resources for the Aid for Trade initiative.