A/RES/74/204
Commodities
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 reform 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, young people and people in vulnerable situations,
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,
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,
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,
Underlining the importance of timely, accurate and transparent information to
ensure the proper functioning of food commodity markets, in accordance with the
2030 Agenda, 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, while recognizing the important role of land and sustainable land
management in the climate system,
1.
Takes note of the report of the Secretary-General on world commodity
trends and prospects; 14
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 commodi ty exports
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A/74/232.
19-22417