Aid for Trade Achievements Highlighted
Media Release 3 March 2011
The Pacific is ahead of the curve with the effective allocation of Aid for Trade resources.<!--more-->The Pacific Islands Forum Secretariat highlighted its success at fully allocating funding Aid for Trade funds as part of a panel at the WTO Workshop on Small, Vulnerable Economies on 17 Februrary 2011 in Geneva, Switzerland.
Representatives were from the European Commission, the Commonwealth Secretariat, the Carribean and Australia were part of the panel.
The Forum outlined its progress in implementing the Pacific Aid for Trade Strategy under the regional framework of the Pacific Plan and the Cairns Compact, and also identified key challenges for the region including securing Aid for Trade support, improving the implementation of projects, creating regional resources and making better use of market access.
Secretary General Tuiloma Neroni Slade said: “Pacific island countries are making good progress on the identification of Aid for Trade priorities. This reflects the high priority the region places on increasing trade and creating employment and livelihood opportunities for our communities.”
“But more work needs to be done to ensure projects are well targeted, deliver clear and tangible benefits to stakeholders and communities, and to demonstrate ‘value for money’ to development partners.