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EU to donate 600,000 euro to developing countries' customs reforms

Xinhua, December 18, 2015 Adjust font size:

The European Union (EU) Thursday committed to donating 600,000 euros (648,480 U.S. dollars) to support developing countries in their efforts to make customs procedures faster and smoother.

The EU's commitment is part of a grant agreement concluded in the margins of the 10th World Trade Organization (WTO) ministerial conference in Nairobi, the bloc's top trade policy maker European Commission said in a statement.

The support will help the least developed and other developing countries to underpin the implementation of the WTO trade facilitation agreement (TFA), the statement said.

It will help the countries define their needs and provides technical assistance for the implementation of their obligations under the agreement.

EU said the new commitment brought the total EU contribution to the poorest trading nations to 12 billion euros annually. Endit