This mechanism involves European countries, Japan, and the United States.
Spain has joined the Enhanced Integrated Framework for Trade (EIFT) for the first time, a multilateral instrument designed to channel trade-related technical assistance to the least developed countries. Spain's contribution will amount to €5 million. This decision was made at the Donors' Conference held in Stockholm, which was attended by the Secretary General for Foreign Trade, Alfredo Bonet.
Alfredo Bonet stated that "our participation in this important instrument reaffirms our commitment to the multilateral trading system." He also noted that the increase in aid for trade is an important complement to the negotiations in
In addition to our main European partners, the United States and Japan, among other countries, participate in this mechanism.
The Integrated Framework originated in October 1997 when, at a high-level meeting of the World Trade Organization (WTO), six multilateral institutions (IMF, International Trade Centre, UNCTAD, UNDP, World Bank, and WTO) decided to work in a coordinated and complementary manner to help least developed countries (LDCs) benefit more fully from multilateral trade liberalization processes. In 2001, a Trust Fund was established with contributions from both multilateral and bilateral donors.
Since then, the international community has increasingly focused on the need to increase the financial resources that developing countries, especially LDCs, receive in the form of trade-related technical assistance and capacity building. This need was widely endorsed by Ministers at the WTO Conference held in Hong Kong in December 2005. On that occasion, Spain supported the development of a new and ambitious WTO work program on aid for trade.
Currently, a total of 50 least developed countries can benefit from the Integrated Framework. The Spanish contribution, to be disbursed over a maximum of five years, will be used to finance both diagnostic studies and the strengthening of national structures in the beneficiary countries, as well as specific trade capacity-building programs.
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