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Description
| The Second Committee continued to tackle the enormous dilemmas of economic inequality, poverty and environmental degradation. Many developing countries expressed their frustrations at the lack of progress on the World Trade Organization (WTO) Doha Round of multilateral negotiations, aimed at increasing economic growth by lowering trade barriers worldwide. Negotiations reportedly broke down because developed countries could not agree on dismantling their agricultural subsidies. WTO Secretary-General Pascal Lamy told the Committee that "heavy political lifting" was needed from Europe and North America to prevent the failure of the Doha Round, which would improve market access for goods produced in developing countries by reducing agricultural protectionism. The Committee adopted a resolution calling on developed countries to show flexibility and political will to resume talks. It also heard the Secretary-General's report on trade and development, pointing out that South-South trade continued to grow, with 42 per cent of exports from developing countries going to other developing nations. UN Under-Secretary-General for Economic and Social Affairs Jose Antonio Ocampo said that the more than 40 resolutions adopted by the... |
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