United Nations Industrial Development Organization Law and Legal Definition

The United Nations Industrial Development Organization is a specialized agency in the United Nations system to foster industrial development in lesser developed countries through offering technical assistance in the form of expert services, supplying equipment, and training. The agency's primary objective is the promotion and acceleration of industrial development in developing countries and countries with economies in transition and the promotion of international industrial cooperation.

The function of the agency includes :

a. assisting developing countries in the formulation of development, institutional, scientific and technological policies and programs in the field of industrial development;

b. analyzing trends, disseminates information and coordinates activities in their industrial development;

c. acting as a forum for consultations and negotiations directed towards the industrialization of developing countries; and

d. providing technical cooperation to developing countries for implementing their development plans for sustainable industrialization in their public, cooperative, and private sectors.