UNIDO - the Agency Which Helps Developing Countries and UK Firms

Article excerpt

Byline: By John Worth

Unido is a unique agency that provides a win/win opportunity, promoting the economic progress of developing countries and at the same time providing opportunities for UK companies.

UNIDO is a multilateral organisation - one of the family of UN bodies - that helps countries to pursue sustainable development by strengthening their industrial productivity.

Industrial development contributes to economic growth, which in turn strengthens tax revenues and helps to achieve social progress and alleviate poverty. Established in 1966, UNIDO comprises 169 member states. One of its key roles is to facilitate cross-border collaborative ventures that are profitable, mutually beneficial and consistent with the demands of sustainable economic development.

It works with companies, investors, business associations and governments, stimulating economic growth in developing nations through the introduction of new skills, investment and technology. One of the ways that UNIDO can make an effective contribution is in enabling UK companies to participate in programmes where it is providing governments with technical assistance on industrialisation.

In this advisory role, UNIDO can highlight and explain to the host government the strengths and capabilities of UK companies, thereby creating commercial opportunities and helping them to implement their investment plans quickly and efficiently. …