Commodities A/RES/74/204 and mobilize domestic resources to support the achievement of the Sustainable Development Goals and their sustainable development, including through sustainable and inclusive economic growth, industrialization, decent work and market diversifica tion; 3. Encourages support for developing countries, according to their national plans and policies, through technical assistance, to increase their capacity in detecting and averting trade mispricing in their commodities sectors in order to enhance the ir benefits from those sectors to support the achievement of the Sustainable Development Goals; 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. Stresses that developing countries, including African countries, the least developed countries, landlocked developing countries and small island developing States, face particular challenges as lower prices for the commodities that they produce threaten the sustainable growth and the debt positions of such countries, and therefore notes that, in this context, economic and export diversification, value addition and industrialization can contribute to strengthening resilience to excessive price volatility by allowing the derivation of revenue from various sources; 6. Recognizes 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; 7. Acknowledges two main diversification strategies, one being horizontal diversification to export different types of commodities and other products to different markets, and the other being vertical diversification through value addition, and notes that these diversification strategies can contribute to creating sustained jobs and foster an inclusive and sustainable process of industrialization in order to achieve the Sustainable Development Goals; 8. Calls upon the international community to support the efforts of and foster cooperation with 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, w eak infrastructure, particularly regarding both the cost and availability of transportation and storage, and lack of skills in producing and marketing alternative products; 9. Emphasizes the importance of enhanced collaboration between the public and private sectors and high levels of investment in commodity-dependent developing countries to promote diversification and upgrade productive structures integrated into global value chains for sustainable development; 10. Looks forward to the convening of the Twelfth Ministerial Conference of the World Trade Organization in Nur-Sultan from 8 to 11 June 2020; 11. Notes with concern the slow and uneven recovery from the severe economic and financial crisis of 2008, despite the recent strengthening of global economic activity, since growth remains weak in many countries and agricultural and other commodity prices remain depressed while inequalities are rising, and acknowledges that international trade can play a role in achieving the 2030 Agenda for Sustainable Development15 and sustainable, robust and balanced growth for all; __________________ 15 19-22417 Resolution 70/1. 5/8