Boosting Trade Finance in Developing Countries: What Link with the WTO?
WTO Staff Working Paper No. ERSD-2007-4
22 Pages Posted: 22 Jan 2008
Date Written: November 2007
The paper discusses the efforts deployed by various players, mainly multilateral financial institutions, regional development banks, export credit agencies, to mobilize greater flows of trade finance for developing countries, with a view to help them integrate in world trade. As an institution geared towards the balanced expansion of world trade, the WTO is in the business of making trade possible. Its various functions include reducing trade barriers, negotiating and implementing global trade rules, and settling disputes on the basis of the rule of law. The WTO is also interested in strengthening the supply-side of developing countries so that they can respond to new market opportunities. To this end, it supports various initiatives aimed at improving the trade infrastructures of developing countries, ranging from the ability to meet international product, safety and sanitary standards, to run efficient customs, or to participate effectively to the multilateral trade negotiations by training public servants. The WTO carries out various initiatives with other partners (public and private sector institutions), in the context of its own technical assistance program, or in the context of multi-agency projects such as the Integrated Framework or the Aid-for-Trade Initiative.
Keywords: Trade financing, cooperation with international financial institutions, aid-for-trade, coherence
JEL Classification: E44, F13, F34, F36, O19
Suggested Citation: Suggested Citation