Home MMBIZ News WTO to Provide Economic Aid to Myanmar

WTO to Provide Economic Aid to Myanmar

The World Trade Organisation (WTO) is currently discussing an aid programme to facilitate Myanmar’s economic development, according to the Ministry of Commerce.

The Enhanced Integrated Framework (EIF) is a multidonor programme, which helps least-developed countries (LDCs) play a more active role in the global trading system.

The programme has a wider goal of promoting economic growth and sustainable development and poverty eradication. The WTO has been carrying out EIF programmes in least developed countries like Myanmar.

The WTO accepted Myanmar as an EIF member in April and it will participate in the country’s trade activities.

The EIF has agreed with international organisations and countries to raise about $250 million during the next five years.

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