Aid for Trade: A Vehicle to Green Trade and Build Climate Resilience

Aid for Trade (Aft) is a mechanism to support developing countries build the capacity and infrastructure needed to benefit from trade opening. It accounts for roughly 30% of Overseas Development Assistance (ODA). Developing countries face the challenge of “double exposure” to economic and environmental risks, such as commodity price volatility, climate change and desertification. This demonstrates the importance of integrative policy-making for development, as enshrined in the Sustainable Development Goals (SDGs). While some AfT programs contain explicit environmental objectives, a coherent framework to mainstream environment into all AfT projects and programs is required to enhance resilience and better enable countries to seize sustainable trade opportunities. This is essential to promote a ‘green’ post-COVID recovery and effectively support sustainable development, in line with countries’ commitments under the SDGs. UNEP is working with its partners, including the WTO, to advance the discussion on mainstreaming environment in AfT and accelerate action on making trade work better for people and the planet.

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Source https://wedocs.unep.org/20.500.11822/32204
Author Economy Division
Maintainer Economy Division
Last Updated January 25, 2023, 15:26 (UTC)
Created January 25, 2023, 15:26 (UTC)
GUID 6a8ea212-cd2c-4036-93f2-5f3ed721eb2d
Issued 2020-05-04T11:43:37Z
Language English
Modified 2022-10-13 18:36:28.336
Publisher name Economy Division
Theme Briefs, Summaries, Policies and Strategies
data_type document
spatial