World Trade Organisation (WTO) is discussing an Enhanced Integrated Framework program to assist Myanmar's economic development, according to Ministry of Commerce.
The Enhanced Integrated Framework (EIF) is a multi-donor programme, which helps least-developed countries (LDCs) play a more active role in the global trading system. The programme has a wider goal of promoting economic growth and sustainable development and helping to lift more people out of poverty.
The
WTO has long carried out EIF programmes in least developed countries
like Myanmar. The WTO has accepted Myanmar as an EIF member in April of
this year and it will participate in Myanmar’s trade activities and
trade development programs.
Myanmar is also preparing to draw the National Export Strategy. The WTO, International Monetary Fund (IMF), World Bank and UN agencies such as UNCTAD and UNDP are now cooperating with the EIF program to provide trade assistance to 49 least developed countries.
Moreover, the EIF has agreed with international organisations and countries to get a total of US$ 250 million during next five years.
source: Eleven Myanmar
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