Senior ministers and officials from Commonwealth countries began a special two-day meeting in London on Thursday (13 April) in an effort to advance international consensus on the establishment of a common fund for commodities.
Gv EXT Marlborough House, London
SCU Gambian delegate, A.M. Camara
SCU Kenyan delegate, E.T. Mamunga, talking with other delegates (2 shots)
SCU Jamaican delegate, P.J. Patterson
SCU Nigerian delegate Major-General M. Shuwa
GV Ministers entering room and sitting down (3 shots)
GV Newsmen leaving room and doors closed
Gv EXT Delegates pose for newsmen (3 shots)
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Background: Senior ministers and officials from Commonwealth countries began a special two-day meeting in London on Thursday (13 April) in an effort to advance international consensus on the establishment of a common fund for commodities. The meeting was called to give the ministers a chance to study an 84-page report drawn up by a Commonwealth technical group dealing with a series of proposals on the range of the fund's activities and its likely structure.
SYNOPSIS: The meeting was held at Marlborough House, the Commonwealth Secretariat headquarters, in London. Commonwealth officials from more than 33 countries attended the first round of talks, including Mr. E.T. Mamunga the Kenyan Minister for Commerce and Industry seen here talking to other delegates, the Jamaican Foreign Minister, Mr. P.J. Patterson; and the Nigerian Federal Commissioner for Trade, Major-General M. Shuwa.
The meeting was aimed at giving ministers a chance to study proposals for the range of activities of a common fund for commodities. The 36-nation Commonwealth has a strong interest in commodity trade as member countries account for a substantial proportion of world commodity exports. And many commonwealth countries which depend on such export to the industrialised countries for their economic prosperity, are anxious for a common fund to stabilise trade. Newsmen were told after the meeting, that commonwealth ministers hoped that the proposals drawn-up would help in making progress at the next round of negotiations on the establishment of an international commodity common fund. This is scheduled to take place at United Nations conference on Trade and Development (UNCTAD) in Geneva in July.