(d) In commodity dependent countries, special efforts are needed to generate funds for the development of the commodity sector.

In some cases, commodity sector development and diversification has benefited from an expansion in concentric rings.

3. Reiterates the importance of maximizing the contribution of the commodity sector to sustained economic growth and sustainable development, while continuing diversification efforts in commodity dependent developing countries

Business associations and governments can also support the commodity sector by lobbying and identifying market opportunities and channelling information flows to the enterprise sector.

1. Reiterates the importance of maximizing the contribution of the commodity sector to sustained economic growth and sustainable development, while continuing with diversification efforts in commodity dependent developing countries

Support the efforts of commodity dependent African countries to restructure, diversify and strengthen the competitiveness of their commodity sectors and decide to work towards market based arrangements with the participation of the private sector for commodity price risk management

(f) To support the efforts of commodity dependent African countries to restructure, diversify and strengthen the competitiveness of their commodity sectors and decide to work towards market based arrangements with the participation of the private sector for commodity price risk management

Commit to support the efforts of commodity dependent African countries to restructure, diversify and strengthen the competitiveness of their commodity sectors and decide to work towards market based arrangements with the participation of the private sector for commodity price risk management

(e) The positive consideration of trade related issues pertaining to the commodity sector in the multilateral trading system

10. Globalization was providing new market opportunities, and there were many dynamic product markets within the commodity sector.

6. Reiterates the importance of maximizing the contribution of the commodity sector to economic growth and sustainable development in commodity dependent developing countries and, in this respect, stresses, inter alia, that

Commit ourselves to supporting the efforts of commodity dependent African countries to restructure, diversify and strengthen the competitiveness of their commodity sectors and decide to work towards market based arrangements with the participation of the private sector for commodity price risk management

5. Reiterates the importance of maximizing the contribution of the commodity sector to economic growth and sustainable development in developing countries, especially in commodity dependent countries and, in this respect, stresses that

Thus, the commodity sector also remained the major source of output and employment in most of the developing world.

Commodity exporters that have benefited from recent increases in prices and export volumes must maintain their efforts to diversify their commodity sector, as well as to generate higher value added in other sectors.

International cooperation to support commodity sector development will also be discussed, including cooperation through the International Task Force on Commodities.

(b) Continuing the diversification of the commodity sector and enhancing its competitiveness in developing countries that are heavily dependent on commodities

(b) Continuing the diversification of the commodity sector and enhancing its competitiveness in developing countries that are heavily dependent on commodities

Their experience suggested a judicious mix of government support to the commodity sector, coupled with active entrepreneurial involvement through joint ventures.

101. The problems facing the commodity sector were of great concern to most developing countries. The international community must help correct the imperfections in the commodity markets and commit itself to supporting the commodity diversification programmes, including the establishment of financial mechanisms such as the proposed African diversification fund.

55. Action by commodity dependent countries themselves can aim at three main objectives, namely, (a) to obtain improvements in the multilateral trading system that are conducive to commodity based development, (b) to create an enabling domestic environment for commodity based development and (c) to assist the enterprise sector in their pursuit to be successful in commodity based businesses domestically, regionally, and globally.

It is also assisting in the development of South South banking sector links as a means to facilitate South South commodity trade.

Projects in this field include physical market development enhancement of market infrastructure facilitation of private sector initiatives and commodity price risk management.

This was generally financed from within the respective commodity sector, through a levy on production (palm oil) or production and exports (rubber).

Successful commodity diversification, however, requires that the enterprise sector be linked via professional associations and information flows to local and central governments.

6. Reiterates the importance of maximizing the contribution of the commodity sector to economic growth and sustainable development, while continuing with diversification efforts in developing countries, especially in commodity dependent countries, and, in this respect, stresses that

A Guide to Commodity based Export Diversification and Competitiveness Strategies in Africa has been finalized to help the countries develop a holistic approach to addressing supply side and competitiveness issues in the commodity sector for export development.

Commodity

(a) In order to facilitate the development of the commodity sector, Governments need to ensure that property rights are clearly defined and secure

Reiterating the importance of maximizing the contribution of the commodity sector to economic growth and sustainable development, while continuing with diversification efforts in developing countries, especially commodity dependent countries, and bearing in mind paragraph 6 of resolution 55 183,

Risk management work has also involved cooperation with numerous regulatory and private sector bodies involved in risk management, including the US Commodity Futures and Trading Commission and various commodity exchanges in developed and developing countries and countries in transition.

(ii) explore establishing an export enhancement fund for commodity dependent countries to focus on institution building, developing key infrastructure and upgrading private sector capacity

20. Some countries in Asia had shown that the commodity sector could be a basis for the diversification and structural transformation of the economy.

Commodity country

Commodity Procurement Section I Commodity Procurement Section II Support Services Section

Some delegations requested more technical cooperation for the commodity sector in light of its significance for a number of developing countries, particularly least developed countries.

The private sector can be an important source of funds for such infrastructure projects creating conditions for mobilizing private sector funds, for example through deregulation, could thus be an important policy initiative for commodity dependent countries.

Field testing will take place in three West African LDCs on a selected commodity sector with potential for regional trade along the West African Central Corridor.

Particular focus is placed on policies and conditions which can activate positive responses from decision makers in both large and small enterprises in the commodity sector.

Commodity service US

(a) Commodity chains

7. Invites non governmental organizations, civil society and the private sector to initiate programmes of assistance and other innovative initiatives in support of commodity dependent developing countries

A panellist pointed out the numerous obstacles facing the private sector in Uganda, which could be generalized for the situation in many low income commodity dependent economies.

Latin America s Commodity Windfall

Federation of Commodity Associations