This donation will finance technical assistance programmes and training activities for developing and least developed countries as well as economies in transition. The aim is to enhance their ability to participate effectively in the WTO negotiations and ensure they fully benefit from the results achieved during these negotiations.

“I welcome this new donation which demonstrates Korea’s commitment to help developing countries fully benefit from the multilateral trading system and better integrate in the global economy” declared WTO Director General Pascal Lamy.

Korean Ambassador to the WTO Sang-ki Park stated “Korea will continue to assist poorer countries in better understanding the WTO rules and expand their trading activities, as trade has become an essential tool for development, economic growth and poverty reduction. Assisting the poorest countries in gaining market access, remains one of Korea’s objectives. This is even more important in these difficult times”. He added “Korea, as host of the Fourth High-Level Forum on Aid Effectiveness (HLF-4), which was held in Busan from 29 November to 1 December 2011, will continue to pursue and enhance advocacy and delivery of activities for Aid-for-Trade”.