UN passes resolution on entrepreneurship

NEW YORK: The United Nations General Assembly passed a resolution on Friday concerning global entrepreneurship, innovation and development.

The resolution, entitled “Entrepreneurship for Sustainable Development,” passed with the support of 123 countries, 30 opposed and eight abstaining.

The resolution focuses on ways that UN member states can remove barriers facing entrepreneurs and help foster talent within their societies.

The resolution was proposed by Israel and based on previous Israeli-sponsored resolutions on global entrepreneurship approved by the Second Committee.

“This resolution is further proof of the important contributions that Israel makes to the world as a leader in innovation and entrepreneurship,” Israeli Ambassador to the United Nations Danny Danon said in a statement.

The resolution calls for an improvement in the regulatory environment in each country, and for encouraging support for entrepreneurship in the national development plans of all UN members; removal of regulatory obstacles for businesses and access to financial services; providing more opportunities for women, minorities and disabled people; and encouraging education for entrepreneurship.