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trapca to establish Trade Facilitation Facility with funding from Sweden
As a sign of its commitment to Aid for Trade as well as the need to build human capacity in LDCs so that they can effectively benefit from international trade, the Government of Sweden will provide funding to trapca for establishment of a Trade Facilitation Facility. The Swedish Minister for Trade, Dr Ewa Björling, made the announcement for this trade facilitation capacity building funding.
The facility will provide training for participants from Africa, with a special focus LDCs. The training activities will support participating countries in implementing the Bali Trade Facilitation Agreement, which aims to reduce bottlenecks and improve procedures for the flow of goods across borders. The facility will also provide a platform for African government officials and customs officers to exchange experiences.
According to Swedish Minister for Trade “The Trade Facilitation Agreement represents huge potential gains for developing countries. The facility will therefore help African countries unlock this potential.”
trapca with funding from the Government of Sweden will launch the Trade Facilitation Facility by July 2014.