The Government of Ethiopia and the United Nations Conference on Trade & Development (UNCTAD) have drawn a technical plan that will run between March to December 2013, with an aim to evaluate and come up with a transformation blueprint for the Ethiopian Shipping and Logistics Services Enterprise.
The state is on an ambitious trajectory of not only giving a facelift to the logistical facet of the shipping parastatal, but in incorporating highly modern systems for a dynamic port that can handle its daily and long-term demands, head-on.
The UNCTAD side of the bargain is to offer the technical help necessary in making the switch to a better shipping dispensation that will see the country rank well in operational capacity, in this industry.
Ethiopia’s Permanent Representative to the UN in Geneva, Switzerland, Menelik Alemu stamped the cooperative concession on behalf of his government.
Since its inception date of 1964, UNCTAD has been the chief inter-state body, from a United Nations perspective, that has directly impacted on all trading aspects ranging from accumulation of capital, soliciting for funds, investing and developing societies.
It is the inaugural agency that seeks to spur growth in third world nations, by helping them achieve an equal footing with the rest of the globe.
One of the reasons that the UN established UNCTAD was to fend off the growing imbalance in the global marketplace where multinationals infiltrated African, South American, and impoverished Asian markets, thus reducing the breathing space for local companies.
Like the latest agreement with Ethiopia points out, UNCTAD usually deals directly with administrations of countries to ensure that their investment or financing agendas are crystal-clear and relevant to the internal demographics of the country, like governance, which often influence economic policies. This is why the agency extends technical aid when need be.
Though UNCTAD works in cohort with global monetary federations, including IMF, it differs from them because it takes a progressive role of overseeing what is happening in the global community from a local perspective before providing the funds, particularly because of the permanent slots that its member states have at its Geneva offices.
Africa has netted a few of the select four-year-interval summits that UNCTAD has held including Nairobi, Kenya which hosted the summit 12 years after the establishment of the agency, and Johannesburg, SA, that hosted the same twenty two years after inception.
Ethiopia has become a darling of international agencies following opening up of its formerly closeted nationalization policies, with the most recent agreement being a government-to-government industrial concession with the U.A.E., besides hosting an African Growth and Opportunity Act (AGOA) conference in 2013.