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The european union will likely miss its target of directing a quarter of aid spent on expanding trade to the least developed countries by 2030, a study by the eu's auditors. The eu parliament has just approved sweeping new rules that will require companies to avoid and mitigate human rights and environmental abuses in their supply chains. Over the five years up to 2022, the eu spent €17.2 billion on aid for trade projects in ldcs

This figure pales in comparison to the €106 billion distributed to other developing. Meanwhile, the bloc is channelling billions of euros from development aid. Developing countries and the world’s least developed countries in particular face significant challenges that hamper their access to regional and global trade

The european commission is planning to slash funding to the world’s poorest countries over the next three years, according to internal figures seen by devex.

Europe’s richest countries per capita— such as germany,. The european union has long held a reputation as a benefactor for the world’s poorest people

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