Tailoring Aid for Trade for the Services Economy in Low Income and Least Developed Countries

Research
Date period
30 November 2017

Services account for over 70 percent of all economic activity globally and, following decades of above-average growth, they also now contribute more than half of total production in least developed countries. The dynamic growth of services has huge potential to help developing countries support sustainable development objectives. This paper examines the relationship between the Aid for Trade initiative and services and finds that aid for trade has the potential to support the development of services in low income and least developed countries.