The goal of AFT is to help these LDCs regain market share and meet the Millennium Development Goals.
The AFT initiative was created to provide financial and technical support to help developing countries, particularly LDCs, build the necessary supply-side capacity to benefit from trade. This new e-book, jointly published by the Center for Economic Policy and Research (CEPR) and La Fondation pour les Études et Recherches sur le Développement International (Ferdi), takes a critical look at past evaluations of AFT and argues that the recently signed WTO Trade Facilitation Agreement (TFA) could provide the needed impetus to more accurately evaluate AFT’s effectiveness. But due to a collective failure to clearly articulate its results, the achievements of the AFT initiative are now at risk as development budgets come under increasing pressure. Yet, LDCs’ trade costs continue to fall less rapidly than those of their competitors.Ĭlearly, it’s time to re-evaluate the AFT initiative.Ī new e-book does just that, and, contrary to what some may think, concludes that the initiative has been beneficial.
The 2005 Aid for Trade (AFT) initiative was designed to arrest this decline.
Between 19, the world market share of non-oil LDCs’ exports of goods and services fell from 1.2 percent to 0.8 percent-all while their share in world population rose from 7.5 percent to 9.9 percent. The world’s 45 Least Developed Countries that are not oil producers (non-oil LDCs) are exporting less and less in the global market place.
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