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In a ceremony held in Geneva on Wednesday 4 July, the Korean Minister
of Foreign Affairs and Trade, Dr. Seung-soo Han, and the
Director-General, Mr. Mike Moore, signed a Memorandum of Understanding
concerning the contribution.
Dr.
Seung-soo Han expressed the hope that the contribution “be used
before November 2001 to facilitate the launch of a new round of trade
negotiations at the Doha Ministerial Conference”.
WTO
Director-General Mike Moore thanked Korea for its voluntary
contribution. He said Korea's assistance was “most timely in the
light of increased demand for technical assistance from
least-developed and other developing countries as WTO members prepare
for the Fourth Ministerial Conference in November”.
Since
its creation in 1995, the WTO has been receiving voluntary
contributions of this kind to assist poorer countries to participate
effectively in the WTO and take advantage of existing and new
opportunities in international trade offered by the WTO Agreements.
These funds are administered by the WTO Secretariat.
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