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Poto credit: Island Life

 

BRUSSELS, 13 January 2017 – The United Nations Industrial Development Organization (UNIDO) and the Republic of Vanuatu signed a Country Programme (CP) of Technical Cooperation in Brussels today to support Vanuatu’s economic transformation.

The programme agreement which had been already signed by the Director General of UNIDO, LI Yong, was signed by the Ambassador of Vanuatu to the European Union, Roy Mickey Joy on behalf of Joe Natuman, Deputy Prime Minister and Minister responsible for industry.

The CP was requested by the Ministry of Trade, Tourism, Commerce and Ni-Vanuatu Business three years ago, and has been concluded after extensive discussions with government representatives at different levels.

The CP will support the transformation of Vanuatu from a predominantly agriculture-based economy into an economy with a developed agro-industry and an inclusive tourism sector. The programmatic activities will use industrial development to combat inequalities by creating more and better jobs, adding value to production processes and promoting business models that ensure sustainable industrial development. Some of Vanuatu’s main production sectors are fisheries, and agricultural products such as coconut, cocoa, and kava. Moreover, the CP will improve the population’s access to electricity services, which currently stands at just 28%.

Through an estimated investment of US$ 13.18 million, the CP will support the Government in achieving its strategic goals.

Christophe Yvetot, UNIDO Representative to the European Union, said: “The Country Programme is the result of a great cooperation between UNIDO and Vanuatu with the objective of creating decent jobs, producing safe and quality products and supporting energy freedom with the growing utilization of renewable energy on the island. It is also a good example of UNIDO’s support for Small Island Developing States in line with the Samoa Pathway and the 2030 Development Agenda, particularly Goal 9 on infrastructure, inclusive and sustainable industrial development and innovation.”

Source: UNIDO

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