The United Nations Conference on Trade and Development (UNCTAD) -- which opened in Manila on Monday (7 May) -- has already produced a clear rift between rich and poor countries. It is clear from speeches so far that while European nations believe progress has been made on trade regulations to help developing countries, the Third World feels disappointed and let down. Such developed countries as Australia and New Zealand have even joined the Third World nations in the fight over protectionism.

SYNOPSIS: The month long conference was opened by the Philippines President, Ferdinand Marcos, who was accompanied by his wife, Imelda Marcos. She officially welcomed the delegates.

President Marcos made a strong address.