Brussels, 14 November 2017
Today the Commission has set out a renewed vision on how to help developing countries fight poverty and create more and better jobs through trade and investment.
The updated "Aid for Trade" Strategy 2017 builds on 10 years of EU Aid for Trade assistance and aims to strengthen and modernise EU support to partner countries. The new Communication adopted today sets out ways the Commission can improve and better target its aid for trade. It puts a strong focus on Least Developed Countries, and countries in situations of fragility.
Commissioner for International Cooperation and Development Neven Mimica said: "Together the European Union and its Member States are already the biggest supporters of aid for trade worldwide. We are setting out a new strategy to better respond to the complex challenges of today and increase the impact of our actions, to reduce poverty, boost sustainable economic growth and most importantly to ensure that it leaves no one behind."
Globally the EU and its Member States are the biggest provider of Aid for Trade. In 2015 alone, EU commitments amounted to a record €13.16 billion per year.
What's new in the Aid for Trade Strategy 2017?
The Communication proposes to:
Source: European Commission
Illustration Photo: Workers at Ambassa Enterprises, a coffee buyer and exporter based in Addis Ababa, sort the beans for export. (credits: Pete Lewis / U.K. Department for International Development / Flickr Creative Commons Attribution-NonCommercial 2.0 Generic (CC BY-NC 2.0))