In the Philippines, Third World countries have failed to reach agreement on their bargaining position at the United Nations Conference on Trade and Development -- UNCTAD.
In the Philippines, Third World countries have failed to reach agreement on their bargaining position at the United Nations Conference on Trade and Development -- UNCTAD. On Friday (11 May) for the second day in succession they asked that meetings of the eight negotiating committees be cancelled while they tried to sort out their differences, which were complicated by a political row among the Arabs.
SYNOPSIS: The UNCTAD conference has attracted leading political figures from all over the world. On Wednesday (9 May) Japanese Prime Minister Masayoshi Ohira arrived at Manila airport, where he was greeted by Philippines President Ferdinand Marcos and his wife Imelda. He later addressed the conference -- but Reuters report that negotiations between the rich and poor nations were virtually at a standstill on Friday and some delegates were complaining that UNCTAD had so far been a waste of time.
One delegate who pulled no punches in his criticism of world economics was Tanzania's Wilfred K. Chagula.
UNCTAD Secretary General Gamani Corea spoke about protectionism.
West Germany's Economy Minister Otto Lambsdorff said on Wednesday that offensive remarks from developing countries made it difficult for industrialised nations to justify their aid programme. He added: