Written by DAP NEWS -- Thursday, 01 October 2009
(Post by CAAI News Media)
A round table meeting between Cambodia and representative of the 12 member countries of the WTO was organized by the Ministry of Commerce (MoC) and presided over by Minister Cham Prasidh.
Cambodian joined the project of Enhance Integrated Framework (EIF), 5 year program to boost all Least Developed Counties (LDCs), according to the round table meeting held at Phnom Penh’s Hotel Le Royale September 28-30.
An official statement said that present at the ceremony were Minister of Commerce Cham Prasidh, MoC Secretary of State Pan Sorasak and EIF Focal Point, Dorothy Tembo Executive Director of EIF, Jo Scheuer Country Director of the UNDP, and representatives of donors to Cambodia.
The main purpose of the three-day meeting was the MoC’s access to financial resources under Tier 1 of the Enhance Integrated Framework (EIF). The EIF Executive Secretarial has officially notified Cambodia that the proposal it submitted in July 2009 was endorsed by consensus by the EIF Executive Board, the statement added. The EIF for trade-Related Technical Assistance to LDCs is a process that was first established in 1997 to support LDC governments in trade capacity building and integrating trade issue into overall national development strategies. The IF has two objectives: (1) to “mainstream” (integrate) trade into the national development plans such as the Poverty Reduction Strategy Papers (PRSPs) of LDCs and (2) to assist in the coordinated delivery of trade-related technical assistance in response to needs identified by the LDCs.
The EIF proposal was developed in the framework of the UNDP/MoC Trade project. It will provide US$ 1,694,600 over a 5 year period, starting from October 2009, of which US$ 1,493,900 is contributed by the EIF donors and US$200,700 by the Cambodian Government.
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