May 10, 2016, 2:02 PM
went further to say thatTaiwan should seek to bolster diplomatic ties with
developing nations via the "Aid for Trade" initiative espoused by the WTO in
2005, the Council for Economic Planning and Development (CEPD) said recently.
Since the initiative was proposed at a WTO ministerial meeting in Hong Kong in December 2005, the world's major economic powers, including Japan, the US and the EU, have committed themselves to giving financial aid via multilateral mechanisms such as the WTO and the World Bank to help developing or least developed countries expand business opportunities and trade prospects, said a CEPD official who declined to be named.
Ma, who took office on May 20, has been touting his "modus vivendi" diplomatic strategy to seek more international space for
The WTO-initiated "Aid for Trade" program helps developing countries, and least developed countries in particular, to build the trade capacity and infrastructure they need to benefit from trade openings.
Part of the program for overall Official Development Assistance (ODA) - grants and concessional loans that key member countries of the Organization for Economic Cooperation and Development (OECD) have been working on over the past several years - "Aid for Trade" targets trade-related programs and projects.
It is designed mainly to help the world's 40 to 50 least-developed countries to develop convenient and speedy trade systems, including nurturing customs officials and officials for international trade negotiations; lowering cross-border trade barriers and strengthening infrastructure development relevant to international trade, such as the development of port facilities and highways, the official said.
Taiwan has accumulated rich experience and know-how after decades of providing assistance to its diplomatic allies - efforts that include providing consultancy services for small and medium-sized enterprises, vocational training, agricultural and fishery aid and aid to help the country's allies build their own telecommunication and other high-technology infrastructure, he said.