Financial Daily from THE HINDU group of publications
Tuesday, Apr 23, 2002
Financial Daily from THE HINDU group of publications Tuesday, Apr 23, 2002 |
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Industry & Economy
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Economy Unctad mid-term meet to assess global economy Our Bureau
NEW DELHI, April 22 THE UN Conference on Trade & Development (Unctad) will hold a three-day mid-term review meeting in Bangkok, from April 30 to May 2, to assess global economic situation in general and development dimension in particular. The Bangkok meeting would provide an opportunity for a wide-ranging exchange of views on the new global economic environment and on the challenges facing the international community in the follow-up to recent international conferences, such as the UN Millennium Assembly, the WTO meeting in Doha and the development financing conference in Moneterrey, Mexico. The meeting would be attended by Ministers and senior policy makers from Unctad member states including a senior official from India's Ministry of Commerce & Industry. The review would revolve around three issues: a review of the efficiency and functioning of the organisation's inter- governmental machinery; a stock-taking on the work programme agreed at Unctad X, held in February, 2002 at Bangkok, and an examination of opportunities and challenges arising from global economic developments and their impact on development. "It may be instrumental in creating an atmosphere of greater mutual understanding of the complexities of the globalisation process," the Unctad Secretary-General, Mr Rubens Ricupero, said at one of the preparatory meetings for the review. The meeting is being hosted by the Government of Thailand and opens with the first plenary of the Trade and Development Board's nineteenth special session. Prior to the meeting, Unctad's annual trade and development Report (TDR), which this year focuses on developing countries in world trade, would be released at a joint press conference. Mr Ricupero and the Director of the division of globalisation and development strategies, DrYilmaz Akyuz, would address it, an Unctad release said in Geneva on Monday.
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