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on Technical Cooperation
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Ambassador CHOI Hyuck, Korea’s Permanent Representative to the WTO, and
Dr. Supachai Panitchpakdi, Director-General of the WTO, signed today the
Memorandum of Understanding providing for Korea’s donation.
“I warmly welcome Korea’s contribution,” said Dr. Supachai. “As the Doha
Development Agenda talks are intensifying, so are developing countries’
needs for technical assistance and capacity building. Thanks to such
contributions, we have been able to significantly increase the WTO’s
technical assistance and training activities since the beginning of the
Doha negotiations.”
Ambassador CHOI commented: “As one of the countries that have traded
their way out of poverty, Korea stands firm in its faith that increased
participation in the multilateral trading system is the key for economic
development. The WTO technical assistance activities provide a highly
valuable opportunity for developing and least-developed countries to
strengthen their capacity to realize the gains from participation in the
multilateral trading system. Korea’s yearly contribution represents its
continued support for WTO’s commitment to trade-related capacity
building of developing and least-developed countries. In particular,
Korea’s contribution in 2005 reflects its willingness to contribute to
development issues, with DDA negotiations at a critical juncture in
preparing the 6th Ministerial Conference which will take place in Hong
Kong in this coming December.”
The Doha Development Agenda Global Trust Fund finances activities which
aim to enhance developing countries’ participation in the WTO
negotiations. Since 2001, Korea has contributed over USD 1,140,000
(approximately CHF 1,300,000) to WTO technical assistance activities.
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