A/RES/59/224
commodity exchanges, and through the use of viable and effective commodity price
risk-management instruments;
14. Also recognizes that market exigencies can constitute formidable
challenges to developing country commodity producers and exporters, in particular
small farmers, and urges both developing and developed countries to take
appropriate steps to enable those producers to enter global supply chains and to
facilitate their effective participation in supply chains, and invites the private sector
to promote partnerships that contribute to the effective participation of small
producers in supply chains;
15. Encourages the United Nations Conference on Trade and Development,
the Food and Agriculture Organization of the United Nations, the World Bank and
other relevant international organizations, within their respective mandates, to
enhance their efforts to facilitate access to market-based instruments, with
prudential oversight for managing commodity risks due to price fluctuation and
natural disasters, so as to address the commodity problems in developing countries;
16. Regrets that schemes to mitigate earnings shortfalls have not reached the
originally envisaged goals, and urges Governments and invites international
financial organizations to continue to assess the effectiveness, including the
operationalization and user-friendliness, of the systems for compensatory financing
of shortfalls in export earnings, and in this regard stresses the importance of
empowering developing country commodity producers to insure themselves against
risk, including natural disasters;
17. Reiterates the role of the United Nations Conference on Trade and
Development in addressing commodities issues in a comprehensive way in
accordance with relevant General Assembly resolutions and the provisions of the
São Paulo Consensus,8 and in this regard invites development partners to provide
the resources required to enable the United Nations Conference on Trade and
Development to undertake those activities;
18. Notes with concern that the real prices of some commodities are still on a
declining trend, and requests the United Nations Conference on Trade and
Development and the Food and Agriculture Organization of the United Nations,
within their respective mandates, to explore appropriate ways of addressing this
problem and identifying best practices for dealing with persistent oversupply
situations;
19. Calls upon the United Nations Conference on Trade and Development to
continue to work, in cooperation with all interested stakeholders, including donor
countries and organizations, for the effective operation of the International Task
Force on Commodities launched at the eleventh session of the United Nations
Conference on Trade and Development, and invites interested parties to provide
voluntary financial support for its effective operation;
20. Underlines the need to strengthen the Common Fund for Commodities,
and encourages it, in cooperation with the International Trade Centre
UNCTAD/WTO, the United Nations Conference on Trade and Development and
other relevant bodies, to continue to strengthen the activities covered by its Second
Account in developing countries with its supply chain concept of improving access
to markets and reliability of supply, enhancing diversification and addition of value,
improving the competitiveness of commodities, strengthening the market chain,
improving market structures, broadening the export base and ensuring the effective
participation of all stakeholders;
4
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