• Short Summary

    THE UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT (UNCTAD) HAS REACHED AGREEMENT ON TWO OF ITS THREE OBJECTIVES - A MASTERPLAN FOR THE WORLD'S COMMODITY MARKETS AND A PREFERENTIAL TARIFF SYSTEM TO HELP INDUSTRIES IN DEVELOPING COUNTRIES.

  • Description

    THE UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT (UNCTAD) HAS REACHED AGREEMENT ON TWO OF ITS THREE OBJECTIVES - A MASTERPLAN FOR THE WORLD'S COMMODITY MARKETS AND A PREFERENTIAL TARIFF SYSTEM TO HELP INDUSTRIES IN DEVELOPING COUNTRIES. THE CONFERENCE, ALREADY EXTENDED BY 24 HOURS, GAVE ITSELF THREE MORE DAYS LAST NIGHT (TUESDAY) TO REACH AGREEMENT ON THE THIRD ISSUE - AID TARGETS AND VOLUME.

    YESTERDAY AFTERNOON (TUESDAY) DELEGATES ARRIVED AT THE VIGYAN BHAVAN TO FIND THE PLENARY SESSION CANCELLED - NO DRAFT AGREEMENT HAD BEEN DRAWN UP AT THIS STAGE FOR THEIR CONSIDERATION. SO AN OFFICIAL CONSULTATION TURNED INTO SOMETHING LIKE A SOCIAL OCCASION.

    BUT BY MIDDAY TODAY (WEDNESDAY) REPORTS INDICATED THAT THE CONFERENCE HAD REACHED AGREEMENT ON THE THIRD TOPIC, AND HAD WORKED OUT A GLOBAL POLICY TO COVER FINANCIAL AID FROM THE WORLD'S WEALTHIEST NATIONS TO DEVELOPING COUNTRIES. NEGOTIATORS HAVE HOWEVER BEEN UNABLE TO SOLVE THE PROBLEM OF SUPPLEMENTARY AID - COMPENSATION PAYMENT TO DEVELOPING COUNTRIES WHOSE EXPORT INCOME IS REDUCED BY NATURAL CAUSES SUCH AS DROUGHTS AND OTHER FACTORS BEYOND THEIR CONTROL. A FURTHER ATTEMPT WILL BE MADE TO FIND A SOLUTION.

  • Tags

  • Data

    Film ID:
    VLVA82MREVHYYS8FY2VDH6LL1B068
    Media URN:
    VLVA82MREVHYYS8FY2VDH6LL1B068
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    27/03/1968
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:09:00
    Time in/Out:
    /
    Canister:
    N/A

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