Industrial Development Board of UNIDO endorsed EEC's receipt of status of "observer" at UNIDO

On June 25, 2015 in Vienna (Austria), following the results of the 43rd session, the Industrial Development Board of the United Nations Industrial for Industrial Cooperation (UNIDO) decided to grant to the Eurasian Economic Commission the status of an "observer" at UNIDO.

The status of an "observer" will enable the EEC to participate in the work of management bodies of UNIDO (General Conference, Industrial Development Board), and it will contribute to the mutually beneficial cooperation between the EEC and UNIDO in areas of mutual interest.

Application within the Eurasian Economic Union of the world's best practices and experiences that UNIDO has will promote the effective implementation of the goals of industrial policy pursued by the Member States of the Union. "It is important for us, because we are preparing a list of promising industrial projects within the EAEU and would like to implement them as efficiently as possible, including with the assistance of UNIDO," - emphasised the Member of the Board - Minister in charge of Industry and Agroindustrial Complex of the EEC Sergey Sidorskiy.

Participation of the Commission in the work of UNIDO in the status of an "observer" will also allow studying and rationally using within the Eurasian Economic Union capacities and experience of UNIDO in creating effective development projects and programs in the industrial sector. According to Sergey Sidorskiy, this, in its turn, will benefit the development of industrial cooperation not only within the Union, but also outside it.

Source: Eurasian Economic Commission official web-site