New UNIDO publication on South-South and triangular industrial cooperation

The United Nations Industrial Development Organization (UNIDO) has released a new publication on the Organization’s work in the area of South-South and triangular industrial cooperation (SSTIC). The publication features 16 projects and good practices that can be replicated and scaled up and provides a representative cross-section of UNIDO’s SSTIC activities within the four priority areas of inclusive and sustainable industrial development: creating shared prosperity; advancing economic competitiveness; safeguarding the environment; and strengthening knowledge and institutions.

“SSTIC is an effective framework to foster cooperation for inclusive and sustainable industrial development among countries of the Global South. This new publication provides insights in UNIDO’s work in this area and presents a variety of good practices within UNIDO’s priority areas that can be replicated to assist our Member States in achieving their industrial development goals,” said ZOU Ciyong, Managing Director of UNIDO’s Directorate of Programmes, Partnerships and Field Coordination.

South-South cooperation refers to the technical cooperation among developing countries in the Global South. It is a tool for countries, international organizations, academics, civil society, and the private sector to collaborate and share knowledge, skills and successful initiatives and has reemerged as a vital modality for international development cooperation in recent years.

UNIDO promotes best practices for inclusive and sustainable industrial development by facilitating partnerships, technology transfers, and the exchange of knowledge among countries of the Global South.

UNIDO’s work on SSTIC is conducted in the context of the promulgation of the Buenos Aires Outcome Document, April 2019, which affirmed the role of South-South cooperation for achieving the 2030 Agenda following the BAPA +40 Conference.

Countries of the Global South have contributed to more than half of the world’s growth in recent years and trade among these countries has reached an all-time high, accounting for more than a quarter of all world trade, while the outflows of foreign direct investment from the South represent a third of global investment flows.