Building on discussions at the Eighth Global Review of Aid for Trade,
governments could agree to pursue the development of a clear set of
environmental goals, priorities, and targets for the 2022–2024 aid for
trade work programme, underpinned by LDC sustainable development
objectives. To support this work on an ongoing basis, they could agree
to convene joint sessions of the WTO Committee on Trade and Development
and the Committee on Trade and Environment focused on priorities at the
intersection of aid for trade, environment, and sustainable development.
addition, LDCs could call on the OECD and WTO secretariats to lead on a
number of tasks that would inform and support the contribution of aid
for trade to sustainable trade. These could include an environmental
review of aid for trade, country-led assessments of trade-related
environmental priorities, and the development of indicators for
monitoring the environmental impacts of aid for trade projects as well
as best practices for designing and implementing projects that respond
to the sustainability objectives of LDCs.
Beyond the global
review, governments can also catalyse dialogue, share experiences, and
bolster cooperation through member-led initiatives at the WTO, such as
the Trade and Environmental Sustainability Structured Discussions
(TESSD) and the Dialogue on Plastics Pollution, each of which
highlight the importance of enhanced aid for trade for developing
countries, and especially for LDCs.
A final recommendation is for
LDCs to call for the convening of a high-level summit on Financing a
Just Transition to Sustainable Trade in 2023. The summit would provide a
much-needed opportunity to promote increased financing for the
transition to sustainable trade and greater coordination among the many
disconnected public and private actors engaged in development, trade,
climate, and environment finance, debt relief, and investment that are
critical to achieving a green and inclusive global economy.