A/RES/72/205 Commodities Deeply concerned by the fact that many commodity-dependent developing countries continue to be highly vulnerable to price fluctuations, and recognizing the need to continue efforts to diversify economies, as well as to improve the regulation, where appropriate, and the efficiency, responsiveness, functioning and transparency of financial and commodity markets nationally, regionally and internationally in order to address excessive commodity price volatility, Expressing concern that the global economy has yet to recover completely and remains in a challenging phase, notwithstanding the recent cyclical pickup in global economic activity, that growth remains weak in many countries and includes subdued trade growth, volatile capital flows, widespread fiscal strains and unsustainable debt in some countries, particularly developing countries, and that commodity exporters are particularly hard hit owing to their continued adjustment to a sharp step -down in foreign earnings, recognizing that, while short-term risks are broadly balanced, medium-term risks are still tilted to the downside, and in this regard stressing the need for continuing efforts to address systemic fragilities and imbalances, to re form and strengthen the international financial system and to make further progress towards sustaining and rebalancing global demand, Recognizing the adverse impact of excessive price volatility of commodities, especially on women, girls and young people, Recognizing also that the structural constraints that women face as economic agents, including segmentation in low-value-added or subsistence-oriented work, unequal access to productive resources, limited access to training and skill -building due to gender segmentation in education and labour markets and a lack of resources, as well as the heavy burden of unpaid work, make women and girls especially vulnerable to the adverse impact of excessive price volatility of commodities, Recognizing further that many developing countries continue to be highly dependent on primary commodities as their principal source of export revenues, employment, income generation and domestic savings and require additional sources of growth to become the driving force of investment, economic growth and social development, including poverty eradication, recognizing also the challenges and special needs of those countries, and stressing the critical importance of sustainable and inclusive industrial development for developing countries as a critical source of economic growth, economic diversification and value addition, Recognizing that uncertainty in global commodity markets reinforces the need to comprehensively deal with the commodity problematique, inter alia, the demand for commodities, supply capacities, commodity revenues and investments in commodity-dependent economies, while taking due account of the diversity of each country’s individual situation and needs and the promotion of their sustainable development, and to strengthen the nexus between, inter alia, trade, finance, investment in sustainable agriculture and food systems, energy and industrialization, Noting the work on consensus-building on commodity-related issues achieved through meetings of the United Nations Conference on Trade and Development, including the multi-year expert meetings on commodities and development, the Global Commodities Forum and the African Oil, Gas and Mines Trade and Finance Conference and Exhibition, Recognizing the adverse impact of excessive price volatility of commodities on both producer and consumer countries, particularly commodity-dependent developing countries, Noting the recent and marked reversal in commodity prices and that commodity net export economies may need to adjust to a possibly protracted period of lower export and fiscal revenues, 4/8 17-23270