What you need to know about the EU's new 'aid for trade' priorities

European Union flags. Photo by: verkeorg / CC BY-SA

BRUSSELS — Better coordination and clearer impact are the focus of the European Commission’s new guidelines on how aid can help developing countries boost exports.

The communication, released this week, updates the European Union’s 2007 Aid for Trade strategy, which aims to raise countries’ productive capacity and tackle poverty through trade.

The EU and its member states are the world’s biggest providers of “aid for trade,” with around 13 billion euros ($15.3 billion) worth of commitments in 2015, most of which went toward building trade-related infrastructure and growing productive capacity in sectors such as agriculture and mining.

“A lot has changed in the past 10 years,” an EU official who worked on the document told Devex, citing the Agenda 2030 goal of doubling least developed countries’ share of global exports by 2020, as well as the growing use of official development assistance in so-called blending operations.

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About the author

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    Vince Chadwick

    Vince Chadwick is the Brussels Correspondent for Devex. He covers the EU institutions, member states, and European civil society. A law graduate from Melbourne, Australia, he was social affairs reporter for The Age newspaper, before moving to Europe in 2013. He covered breaking news, the arts and public policy across the continent, including as a reporter and editor at POLITICO Europe.