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Present
at a ceremony organized during the Least Developed Countries (LDC) Round
Table on WTO Accession in Phnom Penh, Cambodia, on 28-30 September 2009,
were H.E. Dr. Cham Prasidh, Senior Minister, Minister of Commerce and
Chairman of the Sub-Steering Committee on Trade Development and Trade
Related Investment; H.E. Pan Sorasak, Secretary of State and EIF Focal
Point, Ministry of Commerce, Cambodia; Ms. Dorothy Tembo, Executive
Director, Executive Secretariat for the IF at the WTO; and Mr. Jo Scheuer,
Country Director, UNDP Cambodia and representative of the Donor Facilitator
for Cambodia..
The Executive Secretariat for the IF officially notified Cambodia that the
proposal submitted in July 2009 had been approved by consensus by the IF
interim Board.
The EIF proposal for Cambodia will allow the country to enhance its national
capacity to formulate, implement, manage and monitor a pro-poor trade policy
that is consistent with, and supportive of, the country's National
Development Plan and its Millennium Development Goals. It will provide
resources to further adhere to the principles of the Paris Declaration on
Aid Effectiveness. Cambodia successfully updated its Diagnosis Trade
Integration Study in 2007 and embarked on an ambitious Sector Wide
Approach in Trade for the implementation of its trade integration strategy
piloted by the National Implementation Unit (D/ICO) of the Ministry of
Commerce.
The IF for Trade-Related Technical Assistance to Least Developed Countries
is a process that was first established in 1997 to support LDC governments
in trade capacity building and integrating trade issues 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 IF is built on the principles of
country ownership and partnership.
The EIF proposal had been developed under the framework of the UNDP/Ministry
of Commerce TRADE project. It will provide US$ 1,694,600, of which US$
1,493,000 is contributed by the EIF Trust Fund and US$ 200,700 by the Royal
Government of Cambodia. An important part of the resources available will be
used to share Cambodia's trade mainstreaming experiences and best practices
with other LDCs, as exemplified by the current LDC Round Table.
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