Belgium to invest €2 mn in Africa

Mar 01, 2019: In support of the International Trade Centre’s (ITC) work on inclusive and sustainable trade in 2019 and 2020, Belgium has committed to invest €2 million, particularly in Africa.

ITC is a multilateral agency that has a joint mandate with the World Trade Organization (WTO) and the United Nations (UN) through the United Nations Conference on Trade and Development (UNCTAD).

“The partnership with the ITC is an important instrument to make this happen in Africa,” said Didier Reynders, Belgium’s deputy prime minister and minister of foreign affairs and European Affairs.

In addition to its focus on inclusive trade for women and youth, in particular, Belgium’s contribution will also help the ITC to step up its support towards making African countries e-commerce ready, with a view to creating new business opportunities. It would also enable companies to reach new markets and help connect micro, small and medium-sized enterprises (MSMEs) to global value chains.