• Short Summary

    The major western industrial nations began face-to-face negotiations on oil prices on Wednesday (21 April) with representatives of the big oil exporters.

  • Description

    The major western industrial nations began face-to-face negotiations on oil prices on Wednesday (21 April) with representatives of the big oil exporters.

    The discussions, being held in Paris, are in the framework of the so-called "North-South dialogue", a complex new series of economic talks involving developed and developing countries.

    The dialogue, launched in February, aims at leading ultimately to a fairer share-out of the world's wealth.

    Wednesday's negotiations marked the beginning of the third phase of the dialogue, with week-long conferences scheduled in four specialist commissions dealing with energy issues, raw materials, development aid and finance.

    Officials attending the meeting of the Energy Commission said that they had begun a study of the crucial oil prices issue.

    But, they said, they would not become involved at this stage in questions of dollars and cents per barrel. They were merely expected to try to work out the best way of approaching the problem, including the relationship of oil prices to the rest of the world economy.

    Members of the Commission include the Untied States, Japan and the nine European Common Market countries for the industrial side and Saudi Arabia, Iraq, Iran and Venezuela for the oil exporters.

    Progress in the three other Commissions is likely to be curtailed because the fourth United Nations Conference on Trade and Development (UNCTAD) starts in Nairobi next month.

    This meeting, at ministerial level, will cover much the same ground being dealt with in Paris.

  • Tags

  • Data

    Film ID:
    VLVA48FPY24NLCVQQI7ZAHBQ91DO5
    Media URN:
    VLVA48FPY24NLCVQQI7ZAHBQ91DO5
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    22/04/1976
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:25:00
    Time in/Out:
    /
    Canister:
    N/A

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