INT/International Trade Centre
Development cooperation , 21.11.2018

INT/International Trade Centre

Description

International Trade Centre (ITC) is a joint international organization created by UNCTAD and WTO and offering trade-related technical assistance. Its mission is to enhance inclusive and sustainable growth and development in developing countries, especially Least Developed Countries and economies in transition, through improving the international competitiveness of micro, small and medium-sized enterprises (MSMEs). The private sector creates more than 90 percent of new jobs in developing countries. Employment brings income to the people and tax revenue to the state to finance public services. Growth of business activity diversifies the economy and creates new opportunities for entrepreneurship through value chains. ITC's impact will be to contribute to SDGs 1, 2, 4, 5, 8, 9, 10, 12, 16 and 17. ITC's outcome will be to strengthen the international competitiveness of MSMEs. The better competitiveness of MSMEs helps them integrate into the global economy and benefit from international trade. ITC's intermediate outcomes are: 1) policymakers integrate business interests, 2) trade and investment support institutions can better support MSMEs, 3) MSMEs introduce changes in their operations, and 4) market partners open up value chains for MSMEs. ITC operates widely in developing countries. More than 80 percent of ITC's support goes to Sub-Saharan Africa and Least Developed Countries as well as heavily increasingly to fragile states and transit countries of refugees. In addition to MSMEs, the ITC concentrates especially on supporting women and youth entrepreneurs as well as developing the livelihoods of displaced people and the informal business sector. Finland is a long-term partner to ITC. MFA supports the ITC with 3,110,000 euros during 2018-2020. 1,500,000 euros is unearmarked core funding. 1,560,000 euros is also core funding but "softly earmarked" to support MSMEs to help connect to global value chains and to promote and mainstream inclusive and green trade. In practice, this means the strengthening of women and youth entrepreneurs' trading opportunities and that of marginalized groups' livelihoods. 60,000 euros of that is allocated to organizing SheTrades events. 50,000 euros is reserved for the follow-up, guiding and influencing of the project.

More information

www.intracen.org

Funding decision  21.11.2018

3 110 000 €

Target region

Developing countries

Objectives monitored by OECD's Development Assistance Committee

  • Trade development
  • Gender equality

Field of activity

  • Business support services and institutions 100%

Type of aid

Contributions to specific-purpose programmes and funds managed by international organisations (multilateral, INGO)

Special target group

  • women
  • youth

Funding channel

Kv kauppakeskus

Contact

tuo-10

Code for the object of funding

89800109

ID

UHA2018-004423

Modified

23.11.2018