Yearbook of the United Nations, 2000. Part 3, Economic and social questions. Chapter 4, International trade, finance and transport
In 2000, the revival in international economic activity and trade, which began in the second half of 1999, continued. Exports and imports of all groups of countries increased at significantly faster rates and became more balanced among countries. The improvements in growth were particularly marked in a number of developing countries and economies in transition. In contrast with the expansion in trade, capital flows to developing countries declined. IN February, the tenth session of the United Nations Conference on Trade and Development(UNCTAD X), which had as its theme Developing strategies in an increasingly interdependent world: applying the lessons of the past to make globalization an effective instrument for the development of all countries and all people,took place in Bangkok, Thailand. The Conference adopted the Bangkok Declaration, which reaffirmed UNCTAD as the focal point in the United Nations for the integrated treatment of development and the interrelated issues of trade, finance, investment, technology and sustainable development, and the Plan of Action,which harmonized UNCTAD's mandate with the new global economy and its challenges. In December,the General Assembly requested the Secretary-General to take measures to strengthen UNCTAD's management and enhance its programme delivery capacity and performance to enable it to implement the outcome of UNCTADX. With regard to developments in the multilateral trading system, the Assembly recognized the need for expeditious and complete integration of developing countries and economies in transition into the international trading system, in full cognizance of the opportunities and challenges of globalization and liberalization. It also reiterated the importance of continued trade liberalization in developed and developing countries,including in sectors of export interest to developing countries. IN September, the Fourth United Nations Conference to Review All Aspects of the Set of Multilaterally Agreed Equitable Principles and Rules for the Control of Restrictive Business Practices considered major developments in the field of competition law and policy and requested UNCTAD to expand its technical cooperation activities. In the area of commodities,the Assembly expressed concern at the declining terms of trade in most primary commodities and invited UNCTAD to assist developing countries in the financing of commodity diversification. The Trade and Development Board, the governing body of UNCTAD, considered interdependence and global economic issues from a trade and development perspective, focusing on crisis and recovery in emerging markets. It also reviewed technical cooperation activities. The Trade and Development Report, 2000, produced by the UNCTAD secretariat, focused on the related issues of global economic growth and imbalances. IN action on financial issues, the Assembly stressed the importance of creating an enabling international economic environment through cooperative efforts by all countries and institutions to promote equitable development. Recognizing that development-oriented and durable solutions to external debt and debt-service burdens of developing countries could strengthen the global economy, the Assembly encouraged the international community to consider measures for countries with a high level of debt overhang to make their debt sustainable in the long term, and called for concerted action to address the debt problems of low and middle-income developing countries. With regard to financing for development,the Assembly decided that the high-level international intergovernmental event on the subject would take place in 2002. The International Trade Centre (ITC) focused on capacity-building to enhance international competitiveness and trade performance; during the year, more than 100 countries benefited from its support.
Yearbook of the United Nations, 2000. v. 54; Vol. 54
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