Sweden Announces New Support for Initiatives to Strengthen Trade for
Johannesburg, 3 September Sweden announced today that it would
contribute $640,000 to UNCTAD for capacity building in developing countries on
issues in international investment agreements.
As part of the follow-up to the World Trade Organization's Doha meeting last
November, the UNCTAD project seeks to assist developing countries and economies
in transition to bolster the relationship between trade and investment. Sweden
also announced a pledge of $213,000 for UNCTAD's project on good governance in
investment promotion and facilitation.
The WTO meeting in Doha was considered pivotal in putting development concerns
at the center of global trade negotiations, and trade issues have played a
central position in the negotiations in the World Summit on Sustainable
Development, where countries have already agreed upon the need to enhance the
benefits of trade liberalization for developing countries through the
development of technology and capacity building.
Sweden announced its new support for the UNCTAD programmes during high-level
consultations between business and government leaders that took place in
parallel to the Summit.
UNCTAD, the UN's principal body working to strengthen the capacity of
developing countries to attract investment and trade, established the programme
on international investment agreements to provide developing countries and
economies in transition with research and policy analysis and development,
along with human and institutional capacity-building. It offers intensive
training courses, workshops on negotiation facilitation and WTO issues, and
technical assistance for institution-building in the area of foreign
investment. The activities are intended to help beneficiary countries better
evaluate the implications for their development policies and objectives of
closer multilateral cooperation in the area of long-term cross-border
investment, particularly foreign direct investment.
UNCTAD's work programme on good governance is intended to facilitate and
encourage investment by both national and foreign companies by streamlining
investment procedures and introducing client-oriented and transparent
administrative systems. The first phase began with five least developed
countries: Ethiopia, Lesotho, Maldives, Mali and Tanzania.
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Department of Economic and
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24 August 2006