Trade contributes to sustainable economic growth, development, prosperity and poverty reduction. No country has achieved high and lasting growth without participating in international trade.
However, many developing countries are unable to take advantage of trade opportunities, because they face considerable internal constraints such as: weak public sector institutions, including in formulating economic policy and regulations and negotiating trade agreements; poor infrastructure, including roads, ports and information and communications technology; and lack of private sector capability, including poor access to finance, distribution channels, and a lack of a skilled workforce.
Australia is making innovative and high impact aid for trade investments in developing countries that engage with the private sector, utilise new technologies and encourage market-based solutions. These include:
Read more about DFAT’s investment priorities: Infrastructure, trade facilitation and international competitiveness