Academic institutions in the WTO Chairs Programme receive financial and technical support from the WTO for trade-related research, curriculum development and outreach activities. The objective is to strengthen the capacity of these institutions to advise governments and key stakeholders on trade policy issues.

Director-General Ngozi Okonjo-Iweala said: “The WTO Chairs Programme plays a valuable role in helping developing countries and LDCs leverage academic research to inform trade policy-making so that it delivers more effectively for sustainable economic growth and development, improving people's lives and livelihoods. I welcome Austria for generously renewing its yearly contribution.”

Austria's Minister for Labour and Economy, Martin Kocher, said: “Austria’s contribution to the WTO Chairs Programme will play a vital role in further strengthening understanding of global and regional trade issues in developing countries and LDCs. Keeping markets open, supporting research at all levels and promoting a level playing field for multilateral trade — especially during these challenging times — can strongly contribute to boosting economic growth and creating jobs in these countries, for the benefit of all.”

Overall, Austria has contributed approximately CHF 6 million to the various WTO Trust Funds over more than 20 years.