Trade News > Trade Regulations > U.S. Promises Nearly $1 Billion for WTO

U.S. Promises Nearly $1 Billion for WTO

The Journal of Commerce Online - News Story
Contribution goes to trade-related technical assistance program

The United States will contribute $950,000 for trade-related technical assistance (TRTA) to the World Trade Organization. As a result, U.S. trade assistance for the Doha Development Agenda will increase to almost $9.4 billion since that round of negotiations began in November 2001.

"This contribution is a reflection of the U.S. commitment to help developing countries participate in the Doha Round and to benefit from its results," said U.S. Trade Representative Ron Kirk. "A successful conclusion to the negotiations that creates and secures new market openings will make an important contribution towards these countries meeting their development objectives and improving the well being of their people."

The U.S. contribution to the TRTA program, approved by Congress, will be part of a technical assistance fund that developing nations use for assistance in analyzing trade issues, assessing their individual country interests, and meeting their obligations to the WTO. The WTO's TRTA program provides training that enhances developing countries' ability to analyze issues, assess their interests and participate effectively in the negotiations. The program also provides these nations assistance in meeting their WTO obligations and ensures that they fully benefit from the results of WTO negotiations.

Contact Alan M. Field at afield@joc.com.

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