WTO Director-General Roberto Azevêdo said: “Korea’s donation is very welcome as it will support developing countries and LDCs to expand their trade capacities and participate more effectively in the global trading system. Korea’s generosity will help to ensure that the benefits of trade reach some of the WTO’s poorest members.”

Korea’s Ambassador Kyong-lim Choi said: “By contributing to this fund, we hope that  developing countries and LDCs will be able to build their capacities to take part more effectively in trade negotiations. We believe that trade can create new business opportunities, encourage growth and raise living standards in these countries.”

The Republic of Korea is the sixth donor to the DDAGTF in 2016. Overall, Korea has donated nearly CHF 5 million to this trust fund over the past 15 years.