Australia will be one of the most active members at the sixth biennial World Trade Organization Global Review of Aid for Trade to be held in Geneva on 11-13 July. The event will discuss digital trade and sustainable supply chains, as well as a range of other issues. It will be attended by more than 1,500 people from donor and developing countries, and non-government organisations and businesses. The theme of the Global Review is ‘promoting connectivity’.
Australia’s participation at the Global Review will be an opportunity to advance Australia’s trade and development objectives, and steer the WTO’s aid-for-trade agenda. At the Review, we will seek to encourage developing countries to engage in the global trading system, promote innovative private sector solutions to trade facilitation challenges, and highlight how aid for trade can promote inclusive trade and counter protectionist sentiments.
During the Review, A$5 million of new multilateral aid-for-trade investments will be announced. The Australian Government remains committed to aid-for-trade, and is on track to meet its target of increasing aid-for-trade investment to 20 per cent of the total aid budget by 2020. By 2017-18, total aid-for-trade investment is expected to reach 19.7 per cent of our total aid budget (or $771 million).