Local view for "http://purl.org/linkedpolitics/eu/plenary/2007-05-23-Speech-3-197"
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"en.20070523.17.3-197"2
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".
I commend my colleague David Martin for his all too apposite report, which I will be supporting. The EU has a responsibility to ensure that developing countries have the capacity to engage in and benefit from the global economy. It is not just about a fairer, more open trading system. Despite enormous advances in market access including the ‘Everything but Arms’ initiative by the Commission, the Least Developed Countries’ share of world trade has halved over the last 40 years from 1.9 % to 1 %.
Aid for trade is necessary to create the conditions and infrastructure to trigger growth, but this aid must be under the control of the recipients themselves to fit within their own national development plans.
I am delighted that the UK is taking a lead in delivering its share of the EUR 2 billion annual aid for trade budget promised by EU Member States at Gleneagles by 2010. We can only eradicate Third World poverty by empowering businesses, particularly those engaged in fair trade, to provide the decent work so desperately needed."@en1
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