Subprogramme 1 - Trade, finance and economic development
Objective of the Subprogramme
To strengthen the capacity of member States to design, implement and monitor sound macroeconomic policies, including financial, monetary and external trade policies, in order to achieve higher economic growth and sustainable development, consistent with the priorities of NEPAD.
Success story:
- In the area of trade, RPTC was instrumental in providing technical backstopping to the WTO African Group in Geneva on WTO-related issues of importance to African countries within the framework of the Doha Round. ECA’s support has contributed to enhancing African countries’ proactive and constructive participation and engagement in multilateral trade negotiations. Advisory support and training activities have also contributed to an increase in the number of common negotiating positions developed by African countries in the WTO negotiations, particularly in the key areas of agriculture and non-agricultural market access. Partly as a result of ECA’s support, the number of WTO bodies now chaired by representatives of the African Group also increased from 2 in 2005 to 8 in 2009. RPTC also contributed to strengthening the capacity of regional economic communities (RECs) in the ongoing negotiations under the Economic Partnership Agreements with the European Union.