Technological competence is critical to, both development of an economy and in the competitiveness in the marketplace. Technology Transfer is the movement of technology from the holders of the technology to the recipients of it. INTERNATIONAL ARRANGEMENTS FOR TRANSFER OF TECHNOLOGY – UNCTD In this deliberation on the international arrangements for transfer of technology, the commission took note of the secretariat document available for consideration under this item. The compendium on transfer of technology provisions is a welcome contribution and should be updated, as necessary, and widely disseminated.