International Trade Centre
Multilateral agency
- 1 min read
- 2 chapters
Related on Lably
Through World Trade Organization, United Nations and UN Trade and Development
The headquarters of the ITC are in Geneva, and the agency employs around 300 employees from over 80 different nationalities.
History
ITC is the successor to the International Trade Information Centre, which the General Agreement on Tariffs and Trade (GATT) established in 1964 to assist the exports of developing countries. An agreement was reached between the GATT and the newly established UNCTAD to create a joint subsidiary in 1967. The International Trade Centre (ITC) was established on 1 January 1968. The ITC has a joint mandate with the World Trade Organization (WTO) and the United Nations (UN) through the United Nations Conference on Trade and Development (UNCTAD). The ITC is the focal point for trade-related technical assistance.
In 2026 the Trump administration announced the US was withdrawing from this organization, announcing that it is "redundant in their scope, mismanaged, unnecessary, wasteful, poorly run, captured by the interests of actors advancing their own agendas contrary to our own, or a threat to our nation's sovereignty, freedoms, and general prosperity".
Sign in to keep reading
One more chapter is free with a Lably account.
Funding
The work of the ITC is financed by a regular budget (RB) and its extra-budgetary resources (XB). The RB is made of equal yearly contributions from the UN and WTO as part of the organizations' budget cycle. The XB is made of voluntary contributions to the ITC Trust Fund (ITF) from the private sector, international organisations, donor governments, and other kinds of groups which can last multiple years. The XB can be divided into Window I (W1) (un-earmarked or soft-earmarked contributions) and Window II (W2) (hard-earmarked contributions). For 2025, the RB consisted of US$46 million, W1 was $7.7 million, and W2 was $107.3 million, a total of $161 million.