North South and South South trade Possible marginalization within the South

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

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

Almost half of all Asian trade is now South South.

Furthermore, it fails to encourage more South South trade.

Regionally, the South South trade picture varies dramatically.

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

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

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

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.

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

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.

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.

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

A number of programmes that the Special Unit is formulating will be designed with a view to enhancing South South public private partnerships to boost South South trade and technology transfer, with funding from Southern multinational companies and chambers of commerce.

South South cooperation

Adopted decision 2005 7 of 28 January 2005 on the third cooperation framework for South South cooperation

South South cooperation is as good as North South cooperation.

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.

Two thirds of Asia s exports still end up in the West, and south south trade accounts for just 20 of global turnover.

The growing trend towards South South investment flows would also lead to an increase in South South investment disputes.

South south cooperation

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

62 209. South South cooperation

60 212. South South cooperation

Broad areas of South South cooperation

2005 7 Third cooperation framework for South South cooperation

State of South South cooperation

To deal with the recurring problem of funding for South South cooperation, the Second South Summit called for strengthening of the Voluntary Trust Fund for the Promotion of South South Cooperation and designated it as the main multilateral funding mechanism for South South cooperation.

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

South South cooperation and development of national capacities

The case of South South FDI

Draft resolution on South South cooperation

B. South South monetary and financial cooperation

Strategies and mechanisms for the coordination of South South cooperation should be strengthened in order to take full advantage of the new momentum in South South and triangular cooperation.

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.

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

The international community's support and UNCTAD's efforts were critical for ensuring that the GSTP remained an effective means of enhancing South South trade.

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.

One of the objectives is to encourage South South and South North cooperation between local authorities in order to improve access to basic services.

Fourth, UNCTAD should promote South South as well as North South cooperation.

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