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What does RAFT stand for?

RAFT stands for Regional Aid for Trade

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Working with its partner agencies, the WTO also encourages the holding of national and sub-regional Aid-for-Trade reviews to ?road-test? Aid-for-Trade plans, identify priorities, and agree on how these plans and priorities should be implemented. These review events provide a platform to raise awareness of Aid for Trade, showcase ?real-world? examples of Aid-for-Trade strategies in progress, and create incentives for other countries and sub-regions to follow.
The OECD creditor reporting system reveals [pdf] that Australia disbursed US$585m to Aid for Trade in 2011 – or 16. 9% of total sector-allocatable ODA. The OECD categorisation of Aid for Trade looks quite generous as it includes everything from work on regional trade agreements ($2. 5m and certainly Aid for Trade) to agricultural research to work on mining. DFAT’s own Aid for Trade website is much more humble, citing less than A$20m.