NAM’s Regulations on International Trade

Non-Aligned Movement has always worked for the smooth cooperation amongst its member states and their development. Along with that it has again and again reiterated the need and importance of North-South cooperation, with developed countries to be in constant dialogue with the developing countries and aid them in building a better economy and thereby contributing to the world economy. In this regard NAM also talks about the crucial role United Nations Conference on Trade and Government (UNCTAD) plays for creating this dialogue between the developed and developing countries with special focus on developing nations and their needs, assisting them with consensus building and technical co-operation in areas of special interest such as investment, enterprise development and technology; trade in goods and services, in particular commodities, and services infrastructure for development and trade efficiency. It urges UNCTAD to work efficiently in implementing and achieving the objectives of the Plan of Action for coordinated multilateral international trade system, in cooperation with other international organisations.

In order to make trade more fair and coordinated, thereby providing developing countries to have an equal and just chance at development NAM has framed certain guidelines to ensure non-discriminatory, transparent and equitable trade system:
1. Ease the assimilation of developing countries mainly small economies and ‘Least Developed Countries’ into the trading system and supply aid in capability building to developing countries.
2. Make certain of execution and functioning of Uruguay Round Agreements, particularly in reference to export interest of developing countries, together with the agricultural, textile and clothing sectors, and decisions taken in favour of LDC’s, as provided for in the Marrakesh Ministerial Declaration.
3. Make sure of conservation, for a intermediary period of active preferential trade arrangements with developed countries from which a considerable number of developing and least developed countries benefit.
4. Make sure that the preferences accorded by developed countries under their GSP schemes are based on the lines of non-discrimination and non-reciprocity and are frequently extended to cover products that match up to the real and prospective export supply capabilities of developing countries.
5. To ensure flexibility for developing countries to apply methods to augment export and productive ability.
6. Finally, ensuring that ongoing negotiations on trade and services provide the most sustainable and efficient conditions for these service sectors where developing countries have comparative advantages. In this respect the key issue of movement of natural persons should be addressed adequately.

NAM further emphasises on criticising the disproportion and dissymmetry that have been obvious in the line of execution of the WTO Agreements be urgently addressed. These include the need of full and dedicated functioning of existing obligations by developed countries in the area of textiles and agriculture, opening of market access for products of special interest to developing countries, non-fruition of the terms for special and differential treatment, along with ceasing the curbing of developing countries, capability to pursue policy instruments that encourage development.

It highly recommends and encourages through further negotiation that these implementation issues are dealt with and that such negotiations result in even-handed benefits for all countries. There should also be an expansion in the functioning periods of some Agreements where the developing countries face specific problems, in particular the TRIPS and the TRIMS Agreements.

NAM also recognises that trade; investment and technology persist to be the major elements for monetary development, thereby calling for further liberalisation and amplified access for the products and services where developing countries have a relative lead including progress of natural persons, and access to transfer of technology on preferential and concessional terms. In this regard, it welcomes the adoption of GA resolution 54/198 on Trade and Development, which stresses on all these important issues. Further calling for the urgent operationalisation and full carrying out of the provisions of special and differential treatment in favour of developing countries and their further strengthening. Also inviting UNCTAD to continue its substantive work in this area and elaborate on issues of importance to developing countries.

Leave a Reply

Your email address will not be published.