Friday 7 August 2020
 
»
 
»
Story

Global eTrade initiative gains more support

PARIS, July 7, 2020

The eTrade for all initiative, which aims to make the digital economy more inclusive  has welcomed the Commonwealth Secretariat and the International Labour Organization (ILO) to its fold, increasing its membership to 32 organizations.

The partnership, marking its fourth anniversary this month, has become even more important in light of the pandemic as countries seek to foster new strategies for economic recovery.

E-commerce is expected to be at the vanguard of the recovery efforts as the world moves farther online.

“The Commonwealth Secretariat is delighted to join the eTrade for all community,” said chief of the Commonwealth Secretariat, Patricia Scotland.

“Without our collective efforts, there is a real risk that many individuals, businesses and even countries may be left behind by digitalization and excluded from participating effectively in the digital economy.

“By leveraging the strengths of multiple stakeholders, we can help ensure individuals, entrepreneurs and businesses across the world are empowered to harness the benefits of e-commerce for inclusive and sustainable development,” she added.

The ILO is actively engaged in the debates on the digital economy and identifying knowledge gaps related to digital skills, working conditions and social protection.

“We’re excited to join the partnership and look forward to making an important contribution to it,” said Vic van Vuuren, director of enterprises at the ILO.

“E-commerce is a futuristic catalyst for economic growth, reducing the social deficit and caring for the planet whilst entrenching a decent work agenda,” he said.

UNCTAD Secretary-General Mukhisa Kituyi commended the partnership for its strong commitment to ensuring no one is left behind in the digital economy despite the vagaries of the global landscape.

“I’m delighted to witness the increasing number of eTrade for all partners in all of the initiative’s growing activities,” Dr Kituyi said.

“To ensure no one is left behind in the digital economy, the international community needs to work more, not less, together,” he added.

The partnership has grown and deepened. In the past year, it reached a significant milestone, with two external evaluations held over the last few months lauding its sterling work in leveraging the expertise and resources of all partners working together.

The eTrade for all initiative has evolved into a solid, trusted, neutral and useful source of information and a potent catalyst for partnerships across the digital economy’s global landscape.

Through shared purpose, the partners have collaborated to connect the dots for gainful benefit from e-commerce and the digital economy in developing countries.

They have also generated widely acknowledged and critical programmes, such as the eTrade readiness assessments and the eTrade for Women initiative.

The partnership and its spin-off activities received funds in 2019 and 2020 from Australia, Estonia, Finland, Germany, the Republic of Korea, the Netherlands, Sweden, the Enhanced Integrated Framework and the International Islamic Trade Finance Corporation. – TradeArabia News Service




Tags:

More Finance & Capital Market Stories

calendarCalendar of Events

Ads