Wednesday, 09 November 2011

UNIDO and Republic of Korea partner on industrializing Africa

SEOUL, 9 November 2011 – The United Nations Industrial Development Organization (UNIDO) has partnered with the Republic of Korea to develop and implement antipoverty policy efforts in Africa and expand the foundation and framework for Korea-Africa’s immediate and long-term cooperation with regards to industrial development.

This was the focus of a seminar, titled “Industrialization of Africa and partnership with Korea”, organized in Seoul today by the Korea Institute for Industrial Economics and Trade (KIET), the Ministry of Knowledge Economy and UNIDO.

KIET’s dedication to international industrial development reflects the policies of the Government of the Republic of Korea to expand the Official development assistance, or ODA, to help in reducing poverty in developing countries.

Participants at the event discussed setting up a knowledge sharing platform that would form public-private partnerships to develop innovative policies and actions and engage in efficient and effective partnership with African countries. The platform would bring together world-renowned experts from international organizations such as UNIDO and the Common Fund for Commodities (CFC), as well as from the Republic of Korea’s private sector. They also looked at ways to provide networking opportunities to domestic and foreign stakeholders interested in the industrial development of Africa.

Before the seminar, the UNIDO Managing Director, Wilfried Luetkenhorst, and the President of KIET, Byoung Jun Song, signed an agreement that will enable joint research on major issues relevant to economic and industry developments for developing countries and countries with economies in transition.

The new partnership will also contribute to the exchange of industrial development data and information. UNIDO and KIET staff will be involved in industrial development studies and technical cooperation.

UNIDO and KIET also intend to work closer to devise approaches and industrial policy strategies for developing countries and countries with economies in transition.

In March 2011, UNIDO and the Ministry of Knowledge Economy agreed to strengthen cooperation and identify joint projects and activities in the fields of green growth technology and low-carbon industrial development. Joint research on the impact of green industrial investment on global employment will be carried out by UNIDO and the Korea Global Green Growth Institute. UNIDO is also working to expand collaboration with the Korea Research Institute of Standards and Science (KRISS) in the field of metrology.

For more information on UNIDO, please contact:

Mikhail Evstafyev
Advocacy and Communications Coordinator

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