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WTO to implement trading programme in Myanmar

Publication Date : 20-08-2013

 

The World Trade Organisation (WTO) is discussing an Enhanced Integrated Framework programme to assist Myanmar's economic development, according to the Ministry of Commerce.

The Enhanced Integrated Framework (EIF) is a multi-donor programme, which helps least-developed countries (LDCs) play a more active role in the global trading system. The programme has a wider goal of promoting economic growth and sustainable development and helping lift more people out of poverty.

The WTO has long carried out EIF programmes in least developed countries like Myanmar. The WTO has accepted Myanmar as an EIF member in April of this year and it will participate in Myanmar’s trade activities and trade development programmes.

Myanmar is also preparing to draw the National Export Strategy. The WTO, International Monetary Fund, World Bank and UN agencies such as UNCTAD and UNDP, are now cooperating with the EIF programme to provide trade assistance to 49 least developed countries.

Moreover, the EIF has agreed with international organisations and countries to get a total of US$250 million during next five years.

 

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