In a report released on Wednesday, 26, the World Trade Organization (WTO) highlighted the transformative potential of the “Aid for Trade” initiative to boost economic growth, reduce poverty and promote sustainable development on a global scale.
The document, which outlines the institutional program priorities for 2024, emphasizes the importance of digitalization and e-commerce as key elements to maximize the benefits of the initiative. The OMC argues that promoting these areas can significantly accelerate economic progress, especially among developing nations.
One of the main recommendations of the report is the establishment of new partnerships for international cooperation. The IMO emphasizes the need for countries to work together to create a more integrated and efficient trading environment.
Furthermore, the document emphasizes the urgency of improving transportation infrastructure and payment systems between countries. According to the WTO, these improvements are essential to increase transportation capacity and accelerate export rates, contributing to a more dynamic and inclusive global trade.
This new approach to “Aid for Trade” reflects the WTO’s growing awareness of the crucial role that digital trade and emerging technologies can play in promoting sustainable economic development around the world.
With these guidelines, the WTO hopes that the Aid for Trade initiative will continue to be a vital instrument for fostering economic prosperity and reducing inequalities between nations in the global trading landscape.
With information from Estadão Conteúdo
