Signing of a Memorandum of Understanding between the International Trade Centre and the Global Network of Export-Import Banks and Development Finance Institutions
Nairobi, July 15, 2016 – The International Trade Centre (ITC) and the Global Network of Export-Import Banks and Development Finance Institutions (G-NEXID) signed a Memorandum of Understanding (MOU) that consolidated their longstanding cooperation on the sidelines of the 7th Global Commodities Forum of the United Nations Conference on Trade and Development (UNCTAD), an integral component of UNCTAD 14.
Driven by a strong willingness to formalize an already existing mutually beneficial relations, the ITC and G-NEXID, during the 5th WTO Aid for Trade Global Review in Geneva on June 30, 2015, launched negotiations towards the conclusion of a MOU.
After several months of dialogue, at the opening session of the 11th Annual General Assembly of G-NEXID held in Geneva from May 17 to 19, 2016, a letter of intent was signed by the two parties.
The MOU was finally signed on July 15, 2016 by the Executive Director of International Trade Centre (ITC), Ms. Arancha González, and the Honorary President of Global Network of Export-Import Banks and Development Finance Institutions (G-NEXID) and Acting Managing Director of the Nigerian Export-Import Bank (NEXIM Bank), Mr. Bashir M. Wali.
The objectives of the MOU are, among others, to increase, support and promote South-South trade, improve cooperation and technical assistance in developing countries, capacity building, trade and market information, analysis tools and platforms.
For more information on the ITC – G-NEXID MOU, please contact the Coordinator of G-NEXID at: email@example.com.