Magazine article International Trade Forum

UNIDO and ITC Sign a Cooperation Agreement to Increase Exports

Magazine article International Trade Forum

UNIDO and ITC Sign a Cooperation Agreement to Increase Exports

Article excerpt

ITC News

In a bid to intensify industrial and trade development, the United Nations Industrial Development Organization (UNIDO) and ITC signed a Cooperation Agreement on 24 August 2001. With a budget of approximately US$ 5 million and a time span of three years, the programme is expected to significantly improve market access for products originating from Central America, thus spurring economic growth and creating employment opportunities.

During his visit to UNIDO's Vienna headquarters in late August, ITC's Executive Director, Mr. J. Denis Belisle, signed an agreement for joint activities to facilitate access to markets; improve the competitiveness of small and medium-sized enterprises (SMEs); and provide support to productive sectors, as well as for quality management and standardization.

Complementary expertise

"Within the UN family, ITC is a priority partner for us," said Mr. Carlos Magarinos, Director-General of UNIDO. "Both organizations have a firm tradition of working directly with and in support of the business sector. In many ways, UNIDO's expertise in productive capacity building and ITC's tools and services in export development are mutually reinforcing. Together we can make a real impact on countries' ability to participate in international trade and reap the benefits of globalization."

Trade facilitation, export development

"The focus of ITC is on the business sector, especially SMEs. We therefore have a common cause with UNIDO in working for their benefit," stated Mr. …

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