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Luxembourg Offers EUR500,000 To WTO Training Programme For Developing Countries

By Ulrika Lomas, for LawAndTax-News.com, Brussels

29 April 2008

Luxembourg has donated EUR500,000 (approximately CHF796,000) to the Doha Development Agenda Global Trust Fund (DDAGTF) for 2008, it has been announced.

By doubling its contribution to the DDAGTF as compared to the 2006 level, Luxembourg has underlined its commitment to the international aid for trade strategy, the WTO stated.

The donation will finance technical assistance programmes and training activities for developing and least developed countries.

The aim is to better adapt their practices and laws to WTO rules and disciplines, improve the implementation of their obligations, and enhance the exercise of their membership rights.

“I am very pleased to see Luxembourg’s support to developing countries in improving their participation in the multilateral trading system” declared WTO Director General Pascal Lamy.

Luxembourg’s Ambassador, Jean Feyder stated that:

"Luxembourg will continue to strengthen its partnership with developing countries especially LDC’s in order to help them towards full ownership in international trade relations."

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