International Trade Centre Explained

International Trade Centre
Abbreviation:ITC
Predecessor:International Trade Information Centre
Type:Intergovernmental organization
Status:Active
Purpose:To foster inclusive and sustainable economic development
Headquarters:Geneva, Switzerland
Coords:46.2174°N 6.1415°W
Region:Worldwide
Methods:Education, Publications, Training, Knowledge dissemination
Fields:International development, Economic development
Leader Title:Executive Director
Leader Name:Pamela Coke-Hamilton[1]
since July 2020
Parent Organization:World Trade Organization
United Nations
Budget:CHF 116.24 million [2]
Budget Year:2017
Staff:299
Staff Year:2017
Website:www.intracen.org
Footnotes:

The International Trade Centre (ITC) is a multilateral agency which 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 headquarters of the ITC are in Geneva, and the agency employs around 300 employees from over 80 different nationalities.

History

ITC is the successor to the International Trade Information Centre, which the General Agreement on Tariffs and Trade (GATT) established in 1964 to assist the exports of developing countries.[3] An agreement was reached between the GATT and the newly established UNCTAD to create a joint subsidiary in 1967. The International Trade Centre (ITC) was established on 1 January 1968.[4] The ITC 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 ITC is the focal point for trade-related technical assistance.[5]

Funding

The work of the ITC is financed by contributions from the private sector and resources provided by beneficiary countries and international organizations.[6]

See also

Notes and References

  1. ITC (2020). Retrieved 08 August 2020 from https://www.intracen.org/news/Pamela-Coke-Hamilton-named-new-head-of-International-Trade-Centre/
  2. International Trade Centre Staff . May 2018 . Annual Report 2017 . International Trade Centre . 25 November 2018 .
  3. GATT (1967), “Joint GATT/UNCTAD Trade Centre: Note by the Director-General”, L/2890 (6 Nov 1967), page 7
  4. See General Assembly Resolution 2297, document symbol A/RES/2297(XXII).
  5. ITC, I. (2017). Our role in the UN and WTO. Intracen.org. Retrieved 8 September 2017, from http://www.intracen.org/itc/about/how-itc-works/our-role-in-the-un-and-wto/
  6. ITC, I. (2017). Retrieved 8 September 2017, from http://www.intracen.org/about-itc/ITC-Funders/