The International Trade Centre (ITC) has received generous funding of $1.27 million from the Government of Japan to implement projects in Nigeria, the State of Palestine, and Ukraine. The projects are designed to empower youth, women, and displacement-affected communities in these countries by providing opportunities to develop new skills and access domestic, regional, and international markets through digital channels.
In Nigeria, the funding will support small agri-food businesses owned by youth, women, and displacement-affected communities in rural areas. By integrating them into value chains, these businesses can increase their competitiveness and profitability, improving their livelihoods. Through digital channels, companies can connect with buyers and suppliers worldwide, expanding their customer base and market reach.
In the State of Palestine, the ITC will focus on empowering youth from communities affected by socioeconomic challenges. The project aims to equip them with new skills and connect them with local, regional, and international clients through digital channels. The ITC hopes this will promote self-employment and provide youth with sustainable income streams.
In Ukraine, the funding will be used to build the professional skills of internally displaced persons, enabling them to find new income channels. The project will provide training in different areas, such as digital marketing, e-commerce, and entrepreneurship. Displaced persons can explore new job opportunities and start businesses by acquiring new skills.
The Government of Japan’s funding comes at a critical time when many communities in these countries face numerous challenges, including poverty, unemployment, and displacement. The projects implemented by the ITC are aligned with the United Nations’ Sustainable Development Goals (SDGs) and aim to promote inclusive economic growth and sustainable development.
In conclusion, the funding from the Government of Japan will enable the ITC to continue promoting inclusive and sustainable economic growth in developing countries. By empowering youth, women, and displaced communities in Nigeria, the State of Palestine, and Ukraine, the projects will help create new income opportunities and improve livelihoods. The ITC hopes that the success of these projects will inspire similar initiatives in other developing countries, ultimately contributing to a more equitable and prosperous world.
The International Trade Centre (ITC) is a joint agency of the United Nations and the World Trade Organization, working towards inclusive and sustainable economic development in developing countries. With over 50 years of experience promoting international trade, the ITC has helped numerous businesses and entrepreneurs connect with global markets and grow their businesses.
The projects funded by the Government of Japan align with the ITC’s focus on promoting economic opportunities for youth, women, and marginalized communities. Through digital channels, the ITC aims to provide these communities access to new markets, technology, and skills that enable them to compete and succeed in the global economy.
In recent years, the ITC has increasingly emphasized the importance of digital transformation in promoting economic growth and development. By leveraging technology and digital platforms, businesses and entrepreneurs can overcome barriers such as distance, language, and access to finance and connect with buyers and suppliers worldwide.
The COVID-19 pandemic has further highlighted the importance of digitalization in facilitating trade and economic activity, as lockdowns and travel restrictions have disrupted traditional modes of trade and commerce. The ITC’s projects in Nigeria, the State of Palestine, and Ukraine are, therefore, especially relevant in the current context, as they seek to provide communities with the tools and skills to navigate the challenges of the pandemic and emerge stronger.
In addition to its work in developing countries, the ITC also engages with the private sector, governments, and other stakeholders to promote policies and practices that facilitate inclusive and sustainable trade. Through its research and analysis, the ITC generates insights and recommendations on improving the effectiveness and inclusiveness of trade policies and leveraging technology and innovation for sustainable economic development.
In conclusion, the funding from the Government of Japan represents a significant investment in the economic empowerment of youth, women, and marginalized communities in Nigeria, the State of Palestine, and Ukraine. By supporting the ITC’s projects, the Government of Japan is contributing to achieving the United Nations’ Sustainable Development Goals and promoting a more equitable and prosperous world. The ITC looks forward to continuing its work with its partners to promote inclusive and sustainable economic growth in developing countries and harness the power of digitalization to benefit all.