Aid for trade has a similarly wide-ranging scope. OECD divides the areas to which aid for trade is directed into several broad sectors: transport and storage, communication, energy, banking and financial services, business and other services, agriculture, forestry, fishing, industry, mineral resources, trade policies and regulations, and tourism.
In LDCs, where there is often a lack of trade capacity in terms of information, institutions and infrastructure, aid for trade can help ease the much-needed integration into the world market.
Anna Patricia Valerio is a Manila-based development analyst focusing on writing innovative, in-the-know content for senior executives in the international development community. Before joining Devex, Patricia wrote and edited business, technology and health stories for BusinessWorld, a Manila-based business newspaper.
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