Commodities
A/RES/72/205
Noting also the volatility and unpredictability of commodity prices, which have
threatened, inter alia, the food security of net importers in the recent past, and noting
further that the continuation of this long-term uncertainty and volatility, intensified
by recent trends in commodity prices, can have an impact on the capacities of many
developing countries, particularly commodity-dependent countries, to continue to
implement policies for achieving sustainable development and poverty eradication,
Stressing the importance of policies to address longer-term structural issues,
including structural constraints faced by women as economic agents, to diversify
commodity economies and to integrate commodity policies into wider development
and poverty eradication strategies at all levels,
Noting all relevant voluntary initiatives aimed at improving transparency in
commodity markets and mitigating the impact of excessive price volatility,
Underlining the importance of timely, accurate and transparent information in
helping to address excessive food price volatility, noting global and regional
initiatives, including the Agricultural Market Information System and its Rapid
Response Forum, the joint organization data initiative and other regional data
platforms and programmes, and urging the participating international organizations,
private sector actors and Governments to ensure the public dissemination of timely
and quality food market information products,
Expressing deep concern at the adverse impact of climate change and extreme
weather patterns on access to, and the utilization and prices of, agricultural
commodities,
1.
Takes note of the report of the Secretary-General on world commodity
trends and prospects; 16
2.
Recognizes the interlinkage between the adequate and transparent
functioning of commodity markets and the capacity of some commodity -dependent
developing countries to collect appropriate fiscal revenues from commodity exports
and mobilize domestic sources to support their sustainable development, mainly
through sustainable and inclusive economic growth, industrialization, decent work
and market diversification;
3.
Encourages support for developing countries, according to their national
plans and policies, through technical assistance, to increase their ca pacity in detecting
and averting trade mispricing in their commodities sectors in order to enhance their
benefits from those sectors to support sustainable growth and development;
4.
Reiterates the need for further efforts to address excessive commodity
price volatility, in particular by assisting producers, especially small -scale producers,
including women, in accordance with national plans and policies, in managing risk;
5.
Calls upon the international community to support the efforts of
commodity-dependent developing countries to address the factors that create
structural barriers to international trade and impede, inter alia, diversification,
including tariff and non-tariff barriers, limited access to financial services resulting
in scarce resources for investing in the commodity sector, weak infrastructure,
particularly regarding both the cost and availability of transportation and storage, and
lack of skills in producing and marketing alternative products;
6.
Looks forward to the convening of the Eleventh Ministerial Conference of
the World Trade Organization in Buenos Aires from 10 to 13 December 2017;
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17-23270
A/72/254.
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