Sunday, July 19, 2009

WTO backs trade in poorer nations


Aid agencies and major world bodies are to meet to to seek ways of encouraging trade by emerging nations during the economic downturn.

The two-day WTO Aid for Trade meeting will also be attended by the IMF, World Bank, UN, and Organisation for Economic Co-operation and Development (OECD).

It will examine how aid - which is used to boost trading in poorer states - can be sustained during a global recession.

"Aid for trade is needed now more than ever," said the WTO and OECD.

See full Article.