By Duncan Miriri

NAIROBI (Reuters) -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 showed on Tuesday, a finding the bloc said it would assess.

The “Aid for Trade” initiative, launched in 2005 by the World Trade Organisation to boost development in poor countries, stretches across a range of measures from building physical infrastructure like roads or ports to enhancing trade policy and regulation, or building capacity in sectors like agriculture.

The assistance is usually provided in the form of grants and low-priced credit and accounts for a fifth of overseas development assistance, according to the WTO website.

The EU set the target in 2017 after reviewing its

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