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Sunday, 22 September 2013

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UNCTAD Trade and Development Board debates best responses to economic turbulence

The 60th session of UNCTAD's Trade and Development Board - the body that oversees the organisation's operations from year to year - focusses on how UNCTAD can help developing countries cope with altered and uncertain circumstances in the wake of the financial and economic crisis. The two-week series of meetings opened on Monday with the first major address by the organisation's new Secretary-General, Mukhisa Kituyi.

The opening plenary was addressed by Minister of Culture, Arts and Heritage of Qatar, Hamad bin Abdulaziz Al-Kawari and President of the UNCTAD XIII quadrennial conference in 2012.

The afternoon session on Monday featured a high-level debate on how UNCTAD should encourage new patterns of growth for trade and development.

The panellists at the debate were Kituyi, Secretary-General of the International Telecommunication Union, Hamadoun Touré, Director-General of the World Intellectual Property Organisation, Francis Gurry and Minister of Trade and Handicrafts of Tunisia, Abdelwahad Matar.

A highlight of the second week of the Trade and Development Board will be 'Trade Day', which will consider the evolution of the international trading system and its trends from a development perspective, and will feature Kituyi, the new Director-General of the World Trade Organisation, Roberto Azevędo and new International Trade Centre, Executive Director, Arancha González.

Additional topics to be debated at the Trade and Development Board session, which concludes on Friday, include economic interdependence, the role played by domestic and regional demand in achieving sustainable economic growth, global value chains and their role in development, economic development in Africa, efforts to help the Least Developed Countries and UNCTAD's assistance to the Palestinian people.

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