United Nations Conference on Trade and Development signs Memorandum of Understanding

A Memorandum of Understanding (MoU) has been signed by United Nations Conference on Trade and Development (UNCTAD) Secretary-General Mukhisa Kituyi, Ambassador of the Republic of Ireland to the United Nations Office at Geneva Patricia O’Brian, and senior representatives of two Irish ports at the Palais des Nations in Geneva.
Dr. Kituyi drew attention to the pivotal role that ports play in international trade, as sea transport accounts for the most important movement of goods. According to the Secretary-General, developing countries have realized the importance of international and regional cooperation. They are therefore increasingly engaging in “co-petition” — the concept of cooperation amongst competitors. By cooperating with other ports in the same region, overall cargo flow can be increased to the benefit of all ports in the region.
UNCTAD’s PTP fosters South-South and North-South cooperation through regular exchanges of local and international experts and best practices.