Global Voices

The Global Implications of Falling Commodity Prices

Mr. R. McDonagh, Deputy Director, World Customs Organization, Brussels, Belgium

Mr. Pascal Lamy, Director General of the World Trade Organization, made a keynote address.

The session was opened on 14 March 2005 by the Director of the Division on International Trade in Goods and Services and Commodities.

The Conference will also deal with issues related to commodity prices and global trade negotiations.

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Enabling developing countries to benefit from new and dynamic commodity sectors of world trade

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UNESCO makes available the services of the UNRWA Director of Education, as well as 13 other UNESCO specialists and WHO provides the Director of Health and 5 other WHO specialists on a non reimbursable basis.

Mr. Hamid Mamdouh, Director, Trade in Services, WTO

The dynamism of a given commodity can be measured by different indicators such as the growth of world export value or the growth of its share in world commodities exports compared to those of other commodities of the same group (in the case of steel minerals and metals ).

Ten most dynamic commodities in world exports (ranked by growth in export value), 1985 2002.

Meeting the standards of the international marketplace 12

The current instability of global commodity markets and the sharp drop in commodity prices was thus a source of grave concern to those countries.

Global Voices Lingua Manager and Board Member Mohamed ElGohary also remembered Bassel and echoed calls for his release

15. One of the key factors in the weakness of commodity export earnings is the lack of international market opportunities.

The group was chaired by Peter Sutherland, a former Director General of WTO and the General Agreement on Tariffs and Trade, its successor.

The GM is led by a Managing Director who is nominated by UNDP and appointed by the President of IFAD.

The Global Mechanism is led by a managing director who is nominated by UNDP and appointed by the President of IFAD.

Commodity export prices are at record levels, global liquidity has been ample, and international interest rates have been low.

On one hand, the US supported China s membership in the World Trade Organization and accepted Chinese goods and visitors.

And, even when times were good, India never gained a foothold in the global manufactured goods trade.

An expansion of world trade, coupled with the recovery of commodity prices, lies at the foundation of a solution to this problem.

Export of goods, FOB Import of goods, FOB Trade balance

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As a WTO member, Slovenia would strive to find and implement new mechanisms for the liberalization of global trade, since the free movement of goods would benefit all countries.

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In August 1994, the Administrator of UNDP issued a detailed strategic plan to guide UNDP Global Environment Facility operations.

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Advocacy with global and regional trade blocs will be strengthened and industry relations enhanced to focus on essential commodities in poor countries.

Sources UNCTAD, Handbook of Statistics, 2004 (exports and imports of merchandise) and World Bank, World Development Indicators 2005 (GDP).

8. The Common Fund for Commodities is already involved in and committed to global and regional issues on commodity development including diversification.

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quot 7. The programme will be managed by a director who will focus on the programme apos s overall strategy, technical guidance, research and development, and the global budget.

For example, segmented production for global supply chains has stimulated trade in intermediate goods and promoted foreign direct investment.

Other Parties mentioned that fluctuations in the supply and demand of commodities on world markets affected their economies negatively.

India

LEAD Leadership Development Programme