Prosperity Fund Global Trade Programme annual review 2020
This document reviews a programme providing technical help towards free trade and open markets in middle-income countries eligible for Overseas Development Assistance.
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This second annual review of the Prosperity Fund Global Trade Programme (GTP), covers July 2019 to August 2020. The review covers the GTP as a whole programme, including the Service Manager (SM), World Bank/World Customs Organisation, and UK Trade Partnerships Programme components.
The GTP is the single largest Prosperity Fund programme. It will provide technical assistance and other support to facilitate free trade and open markets for middle-income countries eligible for Official Development Assistance (ODA), enabling greater investment and interaction with global value chains to create jobs and prosperity. This will be delivered through 2 core objectives that aim to boost equitable economic growth and reduce poverty to:
- enable partner countries to identify and remove non-tariff barriers
- create the conditions for increased international trade in support of the UK government’s objectives
With poverty reduction as the primary objective, the GTP will also deliver secondary benefits through increasing market access for international businesses, including from the UK. It will also build bilateral partnerships on trade related issues with important emerging markets, in support of the UK trade strategy.