The World Trade Organisation (WTO) has secured SEK 2 million (approximately N295 million) from Sweden for its Global Trust Fund in 2026. This funding will support technical assistance and training programmes for officials from developing economies and least-developed countries, including Nigeria.
Capacity Building for Trade Integration
The WTO stated that the fund would strengthen the ability of government officials to understand global trade rules, participate effectively in negotiations, and advance national economic interests within the multilateral trading system. Since 2001, the Global Trust Fund has delivered about 2,800 workshops focused on helping developing countries better integrate into global trade and maximise economic opportunities.
Commitment to Developing Economies
Andrew Rizk of the WTO noted that the funding will enhance technical assistance programmes designed to improve participation of developing economies in global trade governance. He emphasised the WTO's commitment to helping countries strengthen their expertise in trade policy and negotiation through targeted training and institutional support.
Ambassador Nina Tornberg described trade as a key driver of development, stressing that Sweden's contribution reflects its long-standing commitment to supporting least-developed and developing countries in building stronger trade systems. "Trade is a powerful engine for development. Through Sweden's contribution to the Global Trust Fund, we are investing in the ability of developing countries to engage effectively in the multilateral trading system," she said. She added that the support aligns with Sweden's broader development cooperation strategy aimed at promoting inclusive and sustainable economic growth through a rules-based global trade system.
