Under AftIAS Programme : ITFC Partners with ITC and FTTC to Implement a Training & Employment for Export (TREE) in Egypt.
The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IDB) Group, signed a partnership agreement with the Industrial Training Council (ITC), a subsidiary of the ministry of trade, industry and SMEs of Egypt and Foreign Trade Training Center (FTTC), for the implementation of the youth training and employment for trade project in Egypt. The signing ceremony took place in Cairo on March 8.
The agreement was signed by H.E. Eng. Hani Salem Sonbol, Acting CEO, ITFC/ Chairman AfTIAS Board, and H.E. Mr Tarik Kabil, Minister of Trade, Industry and SMEs, on behalf of the Industrial Training Council (ITC).
The purpose of this agreement is to provide a framework for cooperation between FTTC, ITC and ITFC, particularly for the implementation of the project approved by the 4th meeting of Aid for Trade Initiative for Arab States (AfTIAS) board held in Cairo on Dec. 1, which will be implemented by FTTC.
Kabil stated: “We believe this partnership with ITFC and FTTC will contribute to decreasing the youth unemployment as well as the development of export competitiveness and sustainability in the global market. Training for export is a very crucial step to achieve the Egyptian government’s goal toward export development on one hand and job creation on the other.
Sonbol stated: “This partnership is a major milestone toward ITFC’s mandate to enhance member countries’ trade capacities for sustainable national trade development. Especially that export acceleration is one of the most important gateways for the Egyptian economic growth, due to the impact on the job creation (direct and indirect) and developing value added chains.
“The overall goal of the project is to contribute to decreasing youth unemployment, and to the development of export competitiveness and sustainability in the global market”.Back