North South and South South trade Possible marginalization within the South

Preferences, South South trade, and regional and global trade agreements

11. Further recognizes that South South trade should be enhanced and further market access should continue to stimulate South South trade

Regional trade agreements and South South cooperation

10. Further recognizes that South South trade should be enhanced and that further market access should continue to stimulate South South trade

We reaffirm that South South trade should be enhanced and further market access from developing countries must continue to stimulate South South trade.

Financing South South trade, technology and investment flows

Regionally, the South South trade picture varies dramatically.

Furthermore, it fails to encourage more South South trade.

Industrial development, trade and poverty alleviation through South South cooperation

(a) How do global trade negotiations affect South South cooperation?

Almost half of all Asian trade is now South South.

South South and intra regional trade in particular would benefit from multilateral trade facilitation agreements.

It would therefore be wrong to assume that South South cooperation in industrialization and trade is a complete substitute for North South trade.

Nonetheless, figures confirm the increasing significance of South South services trade.

The ICT producing sector has long shaped the geography of trade, with countries of the south (especially in South East Asia) having developed into centres of IT manufacturing and created new regional trade relationships (South South trade).

It is also assisting in the development of South South banking sector links as a means to facilitate South South commodity trade.

10. Reiterates the importance of expanded South South trade and investment in commodities

4. Reiterates the importance of expanded South South trade and investment in commodities

A possible convergence of interests lies with expanded South South trade and investment.

29. We reaffirm our commitment to strengthen South South trade including through the Global System of Trade Preferences among Developing Countries (GSTP), which offers another major avenue for South South development solidarity and contribution of trade to the achievement of MDGs.

C. Determinants of the degree of South South cooperation in industrial development and trade

Data on mergers and acquisitions (M As) point to South South trade through commercial presence.

Foster consultations, cooperation and exchange of experiences including of success stories on South South trade.

Addressing them, including in the context of GSTP, can therefore help increase South South trade.

(a) Is increased global integration a prerequisite for enhancing South South trade, technology and investment flows?

The United Nations Conference on Trade and Development (UNCTAD) and the World Trade Organization (WTO) continued to nurture the rapid growth of South South trade and commerce.

We recognize the increasing importance of South South trade and economic cooperation and the changing context of North South interdependence and terms of engagement.

Moreover, developing countries compete in similar products consumer goods of varying levels of sophistication so that the politics of expanded South South trade looks even worse than the politics of North South trade.

(f) What are the most promising sources of funding for South South trade, technology and investment flows?

A range of financial services is needed to address the issue and to support South South trade.

There is a paucity of disaggregated and internationally comparable statistics on the direction of international services trade and on South South trade in particular.

The International Trade Centre also continued to promote South South trade, bringing buyers and sellers together to increase local production in such strategic trade areas as the pharmaceutical market.

In Latin America, South South trade represents about 15 per cent of total trade, which is recovering rapidly from the severe economic crisis of 2001.

South South RTAs can enhance cooperation (e.g. cooperation between regulators or for infrastructural, competition or trade facilitation related purposes).

(b) Will South South industrial trade, technology and investment flows reshape the pattern of industrialization based on comparative advantages?

Trade in similar but differentiated products seems critical for strengthening South South cooperation in the sphere of industrial development.

He also stressed the importance of South South trade for LDCs, an area that should be seen as a complement, not a substitute to North South cooperation.

It is thus important to ensure a positive interface and coherence between multilateralism and regionalism and an expeditious and meaningful outcome of the Doha work programme.15 South South trade cooperation is important, as growing South South trade provides an opportunity for developing countries to latch on to this rising locomotive of the South.

(e) Will the rise of a few developing countries as economic superpowers influence South South trade, technology and investment flows?

We welcome the launch of the Third Round of the GSTP as an important instrument to stimulate South South trade.

He highlighted the fact that, overall, South South trade and exports of manufactured goods from developing countries had increased substantially.

International Trade Centre UNCTAD WTO (ITC). ITC has a South South trade promotion programme centred on bringing buyers and sellers together at well prepared regional and interregional conferences.

In addition to growing political commitment, the new vibrancy in South South cooperation is reflected in the trends towards increasing flows of South South trade and investment, as well as collaboration in the monetary and energy sectors.

Is the creation of a special fund and financial services for South South trade, technology and investment flows a viable option?