Finland and UNIDO sign agreement to further strengthen cooperation in the field of economic development and trade capacity-building in Least Developed Countries

Finland and UNIDO sign agreement to further strengthen cooperation in the field of economic development and trade capacity-building in Least Developed Countries

VIENNA, 1 February 2018 – The United Nations Industrial Development Organization (UNIDO) and the Government of Finland have signed a Letter of Agreement to further strengthen their already existing close cooperation in the field of economic development and trade capacity-building in Least Developed Countries (LDCs).

This follows the milestone cooperation agreement signed on 20 October 2014 in Helsinki, through which Finland provided a total of 4.2m to support UNIDO activities in the programme areas of trade capacity-building, food security through agribusiness and agro-industry, as well as the creation of green employment through sustainable forest utilization and management.

In light of the new agreement, Finland will provide an additional  2.1m to further strengthen cooperation with UNIDO in the above-mentioned programme areas and to strengthe the developing countries' own economies to promote employment, livelihoods and well-being. A particular emphasis will be placed on the rights of women and girls, encouraging the development of new business partnerships with Finnish counterparts, building the trading capacity of the LDCs through links to the Enhanced Integrated Framework, and promoting South-South trade.

UNIDO Director General, LI Yong, and His Excellency Hannu Kyröläinen, Ambassador Extraordinary and Plenipotentiary and Permanent Representative of Finland to UNIDO, exchanged letters confirming the agreement during a meeting held at UNIDO’s headquarters in Vienna.

Director General Li hailed the agreement, stating that “this agreement supports UNIDO’s mandate towards implementing the 2030 Sustainable Development Agenda and represents an important step in the further strengthening of the exemplary cooperation between Finland and UNIDO”.

After the signing, His Excellency Hannu Kyröläinen stated that that Finland is pleased to continue cooperation with UNIDO, adding that UNIDO and Finland both work on many important and very topical issues such as gender, business partnerships and circular economy.

For more information, please contact:

Kai Bethke, Director, UNIDO Department of External Relations

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