1 / 26

High level Arab experts Meeting on the preparation for the 7 th WTO Ministerial Conference

High level Arab experts Meeting on the preparation for the 7 th WTO Ministerial Conference. Aid for Trade Islamic Development Bank. Elmostafa AITAMOR Beirut , 11-12 November 2009. Aid for trade. AfT : context and meaning AfT and WTO AfT monitoring framework AfT and global review

saburo
Download Presentation

High level Arab experts Meeting on the preparation for the 7 th WTO Ministerial Conference

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. High level Arab experts Meeting on the preparation for the 7th WTO Ministerial Conference Aid for TradeIslamicDevelopment Bank Elmostafa AITAMOR Beirut, 11-12 November 2009

  2. Aid for trade • AfT: context and meaning • AfT and WTO • AfT monitoring framework • AfT and global review • IDB Group & AfT: contributions and targets • AfT & Arab region

  3. Aid for Trade: the context • Trade: necessary not sufficient. • Associated costs: liberalization incurs adjustment costs: necessary exporting infrastructure, technology and knowledge to meet product standards. • Additional costs needed to realise the full benefits of new market opportunities.

  4. Aid for Trade: the context • Doha Development Round 2001. • Trade has the potential to be an engine for growth. • But many developing countries face barriers that prevent them from benefiting from the world trading system.

  5. Aid for Trade: the context • Some of these barriers are in export markets • But internal barriers : can be just as difficult for exporters to overcome. • Targeting these “supply-side” constraints is what Aid for Trade is all about.

  6. What is Aid for Trade? • Aid for Trade is not a new global development fund but part and parcel of normal programmable ODA (grants and concessional loans). • There is no new funding mechanism involved. Existing mechanisms will be used by multilateral, regional and bilateral donors to disburse ODA. • Aid for Trade is not a substitute, but a complement .

  7. What is Aid for Trade ? Aid for trade involves the flow of development finance from rich to poor countries for the purpose of enhancing the world trading system.

  8. Aid for Trade: coverage • Assistance for trade policy and regulation. • Improving infrastructure. • Building productive capacity. • Adjustment assistance to deal with trade liberalization.

  9. Aid for Trade & WTO • Aid for Trade initiative launched at Hong Kong (Dec. 2005). • Para 57 of the WTO HKMD invited the WTO DG to consult with “… international organisations … with a view to report to the General Council on appropriate mechanisms to ensure additional financial resources for Aid-for-trade, where appropriate, through grants and concessional loans.”

  10. Aid for Trade & WTO 2006: A Task Force to draw up recommendations on how to operationalize Aid for Trade: • “demand-side”, • the donor “response”, • bridging the gap between “demand” and “response”.

  11. AfT Monitoring Framework Global level : using data compiled by the OECD Donor level : based on self evaluations Country and regional level : based on self assessments

  12. AfT Global Review • Global review mechanism to monitor periodically what happens at country level and assess progress in the implementation. • The first Global Review of Aid for Trade was held in November 2007. • The Review emphasized the need to improve monitoring and evaluation, including monitoring impact of AfT.

  13. AfT Global Review : RoadmapMoving from commitment to implementation • Reinforce the AfT regional dimension, • Maintain momentum on commitments post 2010, • Enhance the role of the private sector, • Focus attention towards evaluating the impact of AfT interventions.

  14. OIC MCs trade • 2007 : overall trade of IDB MCs : US$ 2.6 trillion. • 2004: 14% (333 billion). • 2007: 17% (421 billion). • 2015 target: increase intra-OIC trade to 20%.

  15. IDB MCs TradeSupply side constraints and obstacles • Lack of investment; • Poor infrastructure; • Infrastructure management; • Institutional capacities; • Credit availabilities; • Costly regulation; • tariff and para-tariff obstacles; • Administrative procedures and banking;

  16. IDB Group’s main role IDB assist its 56 Member countries to achieve their economic and developmental goals: • Poverty reduction; • Growth; • Economic and social development.

  17. IDB’s trade financing schemes • Export Financing Scheme; • Import Trade Financing Operations; • Islamic Bank’s Portfolio for Investment and Development; • Unit Investment Fund; • ICD (Private Sector). • ICIEC; • ITFC (2006);

  18. IDB Group’sStrategic initiatives • Task force on raising trade; • ITAP (investment promotion Assistance Program); • Technical Assistance program for the TNC and TPS-OIC.

  19. IDB Group’sRoad map (2008) • Trade financing; • Trade promotion; • Trade facilitation; • Trade capacity development; • Promoting and developing strategic commodities originating from MCs.

  20. IDB contribution • US$ 34 billion: IDB’s trade financing; • 2008: US$ 2.5 billion by ITFC; • 72 projects for trade promotion and Trade facilitation in 36 MCs; • 2008: US$ 347 million approved by ICD.

  21. IDB’s contribution • Food crisis: 2008 Jeddah Declaration Initiative: 1.5 billion (a five years assistance package). • Strengthens food security and revitalizes the agriculture sector. • Financial crisis: scale up its operations, adding US$ 2.5 billion 2009-2011.

  22. IDB targets • Food sector support; • Focus on infrastructure: transport, communication, energy; • Focus on capacity development through south-south cooperation; • Co-financing large projects in sub-regions.

  23. IDB Group new vision2009-2011 Five key areas for poverty reduction: • Comprehensive human development; • Infrastructure development; • Regional economic cooperation/integration; • Productive capacity development; • Private sector development.

  24. IDB & AfT regionally • Meeting SPECA region, march 2009, 2010 • 2010: ESCWA Road Map • Arab region priority needs in relevant areas • promote & support future AFT debate

  25. AfT & Arab Region • Assist member countries and donorsin surveying AFT • Monitor & assess the impact & efficiency of tailored AFT funding on productive capacity & trade performance • Continue to provide target-oriented technical assistance for member countries • Encourage dialogue between member countries, donors and relevant regional organizations

  26. Thank you for your attention Elmostafa AITOMAR WTO Expert Cooperation Department IDB eaitamor@isdb.org

More Related