EU commitment against poverty and for sustainable development in Addis Ababa

International Cooperation and Development Commissioner Neven Mimica takes part in the Third International Conference on Financing for Development aiming at finding financial and non-financial means of implementation to support the post-2015 development agenda.

poverty

Commissioner Mimica in Addis Ababa

From 13 to 16 July 2015 the international community is gathering in Addis Ababa for the Third International Conference on Financing for Development. The aim of the conference is to agree on the financial and non-financial means of implementation that will support the post-2015 development agenda. The conference is expected to result in an agreement on the financial and non-financial means of implementation (i.e. aid, investments, policies and more) that will support the post-2015 development agenda and the Sustainable Development Goals (SDGs). This Addis Ababa Action Agenda will pave the way for two other milestones this year: the UN General Assembly in New York in September, which will decide on the list of Sustainable Development Goals (SDGs), and the UN Conference of the Parties on Climate Change (COP) in Paris in December.

Today, EU Commissioner for International Cooperation and Development, Neven Mimica, made the following main points in a speech delivered in Addis Ababa:

 

  • We need a new global partnership that transforms the way in which the international community works together in our struggle against poverty and for sustainable development.
  • The European Union will play its part. We will continue to promote sustainable development worldwide in its economic, social and environmental dimensions.
  • Europe is the most open market in the world for developing countries’ exports. The EU has granted duty-free and quota-free market access, resulting in over 35 billion euros annually of LDC exports to the EU.
  • The EU collectively provides more than half of the global ODA and is committed to collectively achieving the UN 0.7% ODA/GNI target within the timeframe of the post-2015 agenda. We call on others to follow us.
  • The EU will make sure that at least 20% of its spending will address climate change objectives.
  • Implementing sustainable development goes far beyond financial commitment. For instance, capacity building and cooperation in the field of science, technologies and innovation are key components to realise the SDGs.
  • Policy coherence at all levels by all countries should be at the core of our new global partnership. We must all assess the impact of our policy decisions on poverty and on sustainable development including climate change.

 

Three figures illustrating the leading role of the EU in implementing the Post-2015 Agenda:

  • €58 billion: This is the figure of EU collective ODA in 2014 which makes it the world’s largest donor by far. In line with this role, the EU took a particularly ambitious commitment to achieve the UN 0.7% target within the timeframe of the post-2015 agenda, including a specific effort for countries most in need (0.15-0.20% to Least Developed Countries (LDCs) in the short-term, 0.20% within the timeframe of the post-2015 agenda).
  • €100 billion: This is the amount the EU estimates to mobilise through blending by 2020. EU investments of up to €8 billion should generate over €40 billion from public finance institutions which should help mobilise over €100 billion in total from private sources by 2020. The EU has been a pioneer in leveraging additional finance for sustainable development. Given the scale of the challenges ahead, using the catalytic potential of public finance to unlock additional investments will be crucial.
  • €35 billion: minimum estimated annual value of Least Developed Countries’ (LDCs) exports to the EU. The annual benefit of the Duty Free Quota Free treatment amounts to 12% of the LDCs’ export value. – This is but one example of how EU policy has a positive impact on partner countries. Setting the right policy framework at home and internationally will be key to achieving sustainable development.

Read More…

 

About Us

 

News

Monday, 9 January 2017
The European Chamber of Commerce in Hong Kong is turning 20 this year! To celebrate this grand occasion our gala dinner will be held on 22nd September 2017 at the luxurious Island Shangri-La, Hong Kong. This will be an excellent opportunity to network with a large number of high profile individuals and representative from the international business community in Hong Kong. Read more...
Monday, 8 May 2017
Join the European Pavilion at the Eco Expo Asia 2017Read more...
Wednesday, 24 May 2017
Following the recent Mobile World fair in Barcelona (27 February - 2 March 2017), the ITCBC organized a peer-to-peer exchange to catch up on the latest trends and developments. The event was led by the ITCBC members who made the trip to the Mobile World fair.Read more...
Friday, 21 April 2017
On 21 April 2017, the Financial Services Business Council of the European Chamber of Commerce in Hong Kong (FSBC) organised breakfast seminar called the "Opportunities for FinTech presented by the EuroCham Financial Services Business Council". Read more...
Wednesday, 29 March 2017
"The EU has to show unity." Our Chairman Horst Geicke gave an interview to CNBC regarding triggering the Article 50. Read more...
Monday, 20 March 2017
The European Chamber of Commerce in Hong Kong Announces the Publishing of European Union Business Information Programme Position Papers for 2017Read more...
Monday, 20 March 2017
EUBIP 2017 Position PapersRead more...
Monday, 6 February 2017
The European Chamber of Commerce in Hong Kong Automotive Council calls for Hong Kong tax breaks for hybrid cars.Read more...
Sunday, 1 January 2017
The European Chamber of Commerce in Hong Kong is delighted to announce the appointment of Mr. Horst Geicke as the new Chairman of its Board.Read more...
Thursday, 22 December 2016
Following the recent calls for submissions from the international business community, the European Chamber of Commerce has submitted our suggestions regarding the Public Consultation for the 2017 Policy Address and 2017-18 Budget of the Government of the Hong Kong Special Administrative Region.Read more...

Headlines from Europe

Thursday, 27 August 2015
President Jean-Claude Juncker received the President of Ukraine Petro Poroshenko for bilateral talks taking in several matters including concerns...
Read more
Thursday, 20 August 2015
The European Commission signs the Memorandum of Understanding (MoU) with Greece for a new stability support programme. Press Conference by...
Read more
Friday, 7 August 2015
European Commission - Press release EU and Vietnam reach agreement on free trade deal Brussels, 04 August 2015 Today the EU and Vietnam have reached...
Read more
Wednesday, 5 August 2015
European Commission - Press release New EU funding to strengthen security sector and support socio-economic and regional development in Tunisia...
Read more
Monday, 3 August 2015
European Commission - Daily News Daily News 31 / 07 / 2015 Brussels, 31 July 2015 New EU funding of €116.8 million to strengthen security sector...
Read more
Friday, 17 July 2015
The Cypriot economy, energy questions and progress in the Cyprus talks featured high on the agenda of this visit of President Juncker. The President...
Read more
Tuesday, 14 July 2015
International Cooperation and Development Commissioner Neven Mimica takes part in the Third International Conference on Financing for Development...
Read more
Monday, 13 July 2015
In the early morning of 13 July, the Euro summit agreed to start negotiations on a support programme for Greece under the European Stability...
Read more
Tuesday, 30 June 2015
Commission proposals to end huge telephone bills while on holiday and poor Internet connections finally to become a reality. Almost two years after...
Read more

Join us on:


 

 

This website has been funded with the assistance of the European Union.

The contents of this website are the sole responsibility of the European Chamber of Commerce and can in no way be taken to reflect the views of the European Union.

 

© 2010-2017 European Chamber of Commerce Hong Kong. All Rights Reserved.