UNIDO: Partnering with EU to support agribusiness investments in Africa, Caribbean and Pacific regions

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UNIDO Director General Li Yong. Photo: UNIDO
UNIDO | 20 October 2015

UNIDO: Partnering with EU to support agribusiness investments in Africa, Caribbean and Pacific regions

MILAN - Facilitating trade and market access for agricultural products, investing in value added agro-food chains and financing to facilitate agribusiness investments in countries of the African, Caribbean and Pacific (ACP) group were among the topics discussed at a conference organized during the Milan Expo 2015.

The two-day event was attended by over 100 participants representing farmers' organizations, development partners, financial institutions and the civil society.

Philippe Scholtès, Managing Director of the United Nations Industrial Development Organization (UNIDO), presented the Organization's work in helping developing countries add value to their products and develop agribusinesses and agro-industries. 'Through better organization and improvement of products, small farmers can reach new markets and more jobs can be created for young people,' he said.

Chukwuma Ikechukwu Ezedinma from the UNIDO Office in Nigeria, presented a UNIDO project that will help build staple crop processing zones in the country, which, he said, 'can become a model for leveraging technical assistance and investments with development banks'.

Phil Hogan, European Commissioner for Agriculture and Rural Development; Neven Mimica, Commissioner International Development and Cooperation; and Rhoda Peace Mutusiime, African Union Commissioner (AUC) for Rural Economy and Agriculture, voiced their support for the development of the agribusiness sector, especially driven by small farmers, in the ACP countries.

The event was organized by the Directorate-General for Agriculture and Rural Development of the European Commission, in partnership with the AUC, the ACP Secretariat, UNIDO, the Pan African Farmers' Organization, the European Investment Bank and others.
Original source: UNIDO
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