Published On: Tue, Nov 22nd, 2016

UN Passes Israeli Resolution For Promoting Global Entrepreneurship

129 countries supported the initiative despite opposition from the Arab bloc.

The UN Second Committee (Economic and Financial)

 

The UN Second Committee (Economic and Financial) passed on Friday an Israeli-sponsored resolution that promoted entrepreneurship as a means to boost national development.

The resolution passed by a vote of 123-30, with eight abstentions, despite opposition from Arab countries. It was based on previous Israeli-sponsored resolutions on global entrepreneurship approved by the Second Committee.

In December 2012, the UN General Assembly passed resolution called “Entrepreneurship for Development.” It was the first time that the global body passes Israeli development resolution focusing on Entrepreneurship and Innovation as a significant development tool. The resolution’s passage was followed by a conference in June 2013 dealing with advancement of global entrepreneurship, in which Israel played a leading role.

The new resolution calls on nations to remove obstacles facing entrepreneurs, thereby taking advantage of the store of talent in each country.

“the importance of improved regulatory environments and policy initiatives that promote entrepreneurship, including social entrepreneurship, and foster micro-, small and medium-sized enterprises, ” the resolution calls and points out that private businesses “can help to alleviate poverty and catalyse social transformation by strengthening the productive capacities of vulnerable groups, including persons with disabilities, and [produce] goods and services accessible to them.”

According to the resolution, encouraging support for entrepreneurship can aid in supporting sustainable development by spurring innovation and economic growth; providing more opportunities for women, minorities and disabled people; and encouraging education for entrepreneurship.

Entrepreneurs can also be force for change by launching new approaches toresolve problems such global warming, as the safe production of food, provision of health services and education.

Israeli Ambassador to the UN Danny Danon welcomed the resolution: “This resolution is further proof of the important contributions that Israel makes to the world as a leader in innovation and entrepreneurship.”

He said that the opposition and hypocrisy of Arab countries had been of no avail “The hypocritical opposition by the Arab bloc did not succeed, ” Danon added. “Every day, more and more countries are showing interest in Israel’s success.”

The resolution will now be sent to the General Assembly for a final vote.

 

 

 

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