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UCSSIC - Kamal Nath & DG/UNIDO to launch new initiative

14
Feb '07
The first UNIDO Centre for South-South Industrial Cooperation (UCSSIC) will be launched jointly by Shri Kamal Nath, Minister of Commerce and Industry, and Mr. Kandeh Yumkella, Director General of the United Nations Industrial Development Organisation (UNIDO), here on Thursday 15 February, 2007.

Some of the major new players in global industry and trade today are developing countries – a group known simply as the South. In the last 25 years, the share of the South in world manufacturing and world exports has doubled, and South-South trade is increasing rapidly.

Some of the new and critical challenges are in trade and investment promotion and industrial development. New institutions and systems are needed to tackle them and UNIDO responded to this need with a proposal to launch South-South Cooperation Centres in some of the more advanced developing countries like India, China, South Africa, Egypt and Brazil. The formal launch of the first such Centre by Shri Kamal Nath and Mr. Yumkella, DG/UNIDO comes against this backdrop.

In order to enhance greater interaction between developing countries, the Centre will : exchange expertise and experience; network institutions and enterprises; replicate best practices to reduce poverty; and strengthen national and local innovation systems.

Press Information Bureau, India


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