Business

UK pledges $21.3 million to help LDCs trade

NANCY MWAPE, Buenos Aires, Argentina
THE United Kingdom (UK) has pledged US$21.3 million to help least developed countries (LDCs) improve production and create jobs through trade.
The funds will be channelled through the Enhanced Integrated Framework (EIF) to help LDCs develop tools, skills and economic capacity to become competitive in targeting new markets for their goods and services.

UK Minister of State for Trade Policy, Department for International Trade Grey Hands said here on Tuesday that the support will help poor countries trade out of poverty.

“Trade and economic development is clearly the most effective way for countries to create investment and jobs,” he said.
Earlier, World Trade Organisation director general Roberto Azevêdo said EIF is helping LDCs improve production and create jobs by producing spices, mangoes, honey, textiles and other products.
“Several of EIF’s partner countries, which are all in Africa, Asia and the Pacific, have seen a…http://epaper.daily-mail.co.zm/

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