Conducive policy and regulatory environment: Strategy

Trade Strategy Forum 2024: the Imperative for Effective Trade and Investment Support Networks

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Location info

Geneva

Header color
Cyan
Topic (for relations)
Country (for relations)
Event type
Stakeholder meeting
External ID
SM-TX5070
Overview

<p><strong>Second edition of the Trade Strategy Forum 2024 to Address Imperative for Effective Trade and Investment Support Networks</strong></p><p>In a global landscape where economic development hinges on international trade and competitiveness, the importance of robust support networks cannot be overstated. This will be the central theme at the second edition of the Trade Strategy Forum scheduled to be held in Geneva on March 14-15, 2024.&nbsp;</p><p>Key stakeholders, including decision-makers from both public and private sectors, will convene to deliberate on the critical role of organizations and institutions in shaping countries' economic trajectories. From trade and investment promotion bodies to central banks and education departments, these entities collectively drive competitiveness and growth by shaping regulatory frameworks, fostering trade relationships, and supporting enterprises.</p><p>The challenges faced by such organizations, particularly in developing nations, are multifaceted. Navigating complex regulatory landscapes, addressing infrastructure gaps, and managing limited resources pose significant hurdles. But arguably the most challenging obstacles to the strategic continuity of their support initiatives are leadership transitions, evolving ministerial objectives, and volatile political climates.&nbsp;</p><p>The repercussions of a dysfunctional Trade and Investment Support Network (TISN) are far-reaching, impacting foreign direct investment, export competitiveness, transaction costs, integration in global value chains, access to international markets, country branding, and entrepreneurship opportunities.</p><p>The forum will aim to address these challenges head-on, focusing on key questions such as the determinants of an effective institutional network, strategies to address challenges faced by support organizations, requirements for achieving collaboration and coordination, international best practices in TISN governance, and emerging trends and innovations in trade support.</p>

Conducive policy and regulatory environment: Strategy
Contact
First name
Anton
Last name
Said
Email
said@intracen.org
Body

Sustainable Development Goals

This project contributes to the following Sustainable Development Goals, as defined by the 2030 Agenda for Sustainable Development.

<p><span style="color: rgb(0, 0, 0);">This project supports the continuous upgrading and updating of the Trade Development Strategies (TDS) function and related tools and methodologies. It also supports the maintenance of Global Public Goods such as Trade Strategy Map, as well as communications and outreach throughout the year. Finally, it supports business development activities, leading to W2-funded projects.</span></p><p><span style="color: rgb(0, 0, 0);">The TDS programme is a critical component/intermediate outcome of ITC&rsquo;s core service &ldquo;A more conducive policy and regulatory environment for MSMEs&rdquo;. TDS are often an entry point and compass for ITC&rsquo;s coordinated interventions in a country, as it systematically identifies opportunities and weaknesses, and defines specific and timebound plans of action for trade development. The process of designing a TDS also build awareness among stakeholders and structures that increase the chances of successful implementation of identified projects and interventions.&nbsp;</span></p><p><span style="color: rgb(0, 0, 0);">In 2022, this project focused on quality, innovation, network-building, and business development. Notable outputs include:</span></p><p><span style="color: rgb(0, 0, 0);">1. The peer review mechanism was reviewed and upgraded with the aim of achieving a higher quality and more consistency among strategies facilitated by ITC. The NES for South Sudan and Vietnam were reviewed against the new mechansim, as was the sector strategy for Nepal.</span></p><p><span style="color: rgb(0, 0, 0);">2. Research on strategic foresight conducted, and discussions with ETH Zurich and University of Geneva ensued, with a view to partnering.</span></p><p><span style="color: rgb(0, 0, 0);">3. A retreat was held for all export strategy staff and HQ-based consultants, with the aim of re-aligning ITC&apos;s work in strategy, through highlighting essential characteristics in process and methodology. This was followed by Trade Strategy Clinics that focus on particular technical aspects of process and methodology in detail.</span></p><p><span style="color: rgb(0, 0, 0);">4. A new and upgraded user interface for the Strategy Management Implementation Tool (SIMT) was designed and developed. An upgraded version of the SIMT will be deployed during the first half of 2023.</span></p><p><span style="color: rgb(0, 0, 0);">5. A network of strategy-makers was re-established, and the first edition of the Trade Strategy Forum organised in Geneva. 40 participants from 18 countries shared experiences and debated best practice on &quot;The Challenges Of Implementation&quot;.</span></p><p><span style="color: rgb(0, 0, 0);">It is expected that 2023, which marks the 20th anniversary of trade and export strategy at ITC, will be a continuation of this work, with a particular focus on quality/training and network-building, albeit to a lesser degree, given a smaller budgetary allocation.&nbsp;</span></p><p><br></p>

Type
Project
Date
-
External ID
C129
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