Switzerland promises UNCTAD e-com $ 4.4 million in digital economic activity

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Switzerland recently announced a $ 4.4 million donation to the United Nations Conference on Trade and Development (UNCTAD) e-commerce and digital economy programs. Funding provided through the Swiss Secretariat for Economic Affairs (SECO) will support technical cooperation, research and consensus building activities for the program through 2024.

UNCTAD and Switzerland signed an agreement to this effect on 13 September.

Isabelle Durant, Deputy Secretary-General of UNCTAD, said: “Financial support can expand our efforts to promote more inclusive and sustainable development benefits from the e-commerce and digital economies for people and businesses in developing countries,” she says. I did.

Switzerland recently announced a $ 4.4 million donation to the United Nations Conference on Trade and Development’s e-commerce and digital economy programs. Funding provided through the Swiss Secretariat for Economic Affairs will support technical cooperation, research and consensus building activities for the program through 2024.

“Switzerland is proud to contribute to UNCTAD’s program on e-commerce, which helps establish favorable framework conditions for e-commerce in developing and least developed countries,” said the Standing Envoy of the World Trade Organization in Switzerland. Didier Chambobay, the ambassador of the group, said. European Free Trade Association.

The UNCTAD program aims to reduce inequality, bring the benefits of digitalization to everyone, and ensure that no one is left behind in the evolving digital economy.

According to UNCTAD’s press release, its activities include, among other things, biennial digital economy reports, e-commerce week, eTrade for everyone, eTrade for women, and eTrade preparatory evaluation.

Switzerland’s contribution will enhance the program’s ability to meet the growing demand from countries for UNCTAD support, especially in light of the COVID-19 pandemic.

This donation will fund at least three eTrade preparatory assessments. It covers seven policy areas most likely to be relevant to e-commerce development and provides a diagnosis of the e-commerce status of the countries involved. It is also built on close collaboration with eTrade, which has been selected for all partners.

In 2020, Switzerland surpassed UNCTAD’s Business-to-Consumer E-commerce Index. It ranks 152 countries by being ready to engage in e-commerce.

High scores are obtained on all four aspects of the index, with 97% of the population using the Internet (2019) and 98% of the population over the age of 15 having a bank account (2017).

It is also ranked 7th in the world for postal reliability and 5th in the countries included in the index of secure server density on behalf of online stores, according to the Universal Postal Union.

Fiber2Fashion News Desk (DS)

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Switzerland promises UNCTAD e-com $ 4.4 million in digital economic activity

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The post Switzerland promises UNCTAD e-com $ 4.4 million in digital economic activity appeared first on Eminetra.

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