PRESENTATION OF DEVELOPMENT PROGRAM OF UN INDUSTRIAL DEVELOPMENT EXPORT CONSORTIUM HELD IN YEREVAN

ARKA
May 22, 2009

YEREVAN, May 22. /ARKA/. The presentation of a development program
of the UN industrial development export consortium was held in the
Armenian Development Agency in Yerevan Thursday.

The program is aiming at sustainable industrial development of
developing and transition economies.

This program can be widely applied in Armenia if the country works
over it together with UNIDO, Director of Armenian Development Agency
Robert Harutiunyan said.

UNIDO representative on industrial policy and private sector
development Fabio Russo, in his turn, said that this model is
successfully applied in many different countries.

Initially the model was tested in Italy and Spain, but today it is
applied in Asia, North Africa and Latin America, Russo said.

The export consortium of UN industrial development is a union of
enterprises to promote service and export of products.

UNIDO helps small and medium enterprises to essentially improve their
export potential and reduce the cost of the products, as well as to
reduce risks related to penetration into foreign markets.

UNIDO is one of the UN agencies providing assistance to developing
countries in industrial development. The organization was founded in
1966 and has over 130 member-countries.

The UNIDO activities consist of a prompt response part (technical
assistance to developing countries in=2 0particular projects
development of regional long-term (up to 10 years) strategies for
development of these countries) and an auxiliary part (collecting,
summarizing and publishing reports, as well as conducting researches
and organizing conferences on industrial development).