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IDB to work with WTO on trade-related assistance programs

World Trade Organization (WTO) Director-General Mike Moore and Inter-American Development Bank President Enrique V. Iglesias signed a memorandum of understanding in February 2002 under which their institutions will seek to deepen cooperation to provide technical assistance on trade negotiations and capacity-building to countries in Latin America and the Caribbean.

The document was signed at the IDB’s headquarters in Washington, D.C., following a meeting of Latin American and Caribbean trade and finance officials on the challenges their region faces in multilateral negotiations and commitments under WTO agreements and in negotiating and implementing the Free Trade Agreement of the Americas (FTAA).

In order to help Latin American and Caribbean countries meet their multilateral trade challenges, the WTO and the IDB will step up their joint efforts to assist member countries strengthen their capacity to participate fully in the multilateral trading system.

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