What's Happening?
The International Trade Centre (ITC), a joint agency of the United Nations and the World Trade Organization, is dedicated to supporting micro, small, and medium-sized enterprises (MSMEs) in developing countries. ITC's mission is to enhance inclusive and sustainable growth by improving the international competitiveness of MSMEs. The organization focuses on creating better business environments, improving trade and investment support institutions, and enhancing MSME competitiveness. ITC's efforts are aligned with the Sustainable Development Goals (SDGs), particularly in areas like poverty reduction, gender equality, and climate action. The agency provides tailored support through advisory services, capacity building, and training, aiming to foster sustainable and inclusive development.
AD
Why It's Important?
ITC's work is crucial for developing countries as MSMEs constitute about 90% of all enterprises and contribute significantly to employment. By improving MSME competitiveness, ITC helps drive economic growth, job creation, and poverty reduction. The agency's focus on gender equality and environmental sustainability further supports the achievement of the SDGs. ITC's initiatives, such as the SheTrades platform, empower women entrepreneurs, while its Green2Compete strategy promotes green production and trade. These efforts not only enhance economic opportunities but also contribute to building resilient and sustainable communities.
What's Next?
ITC plans to continue its support for MSMEs by expanding its initiatives and partnerships. The agency aims to strengthen its collaboration with UN entities and other partners to maximize its impact on the SDGs. ITC will also focus on enhancing digital connectivity for MSMEs, promoting green growth, and supporting gender equality in trade. By aligning its programs with national objectives, ITC seeks to create more inclusive and sustainable trade opportunities for developing countries.
