G-77 opens meeting in Morocco
Regional, Economics, 9/14/1999

The Group of 77 (G-77) plus China started in Marrakesh on Monday a meeting to prepare the 10th summit of the United Nations Conference on Trade and Development (UNCTAD), due next February 10-19 in Bangkok.

The opening session was presided over by Moroccan Trade Minister Alami Tazi, in presence of UNCTAD Secretary-General Rubens Ricupero and representatives of G-77 member states.

The four-day meeting, held under the theme "Globalization: Risks and Chances," is destined to help the G-77 nations coordinate and harmonize their positions regarding key issues related to international trade.

Participants hope that the future negotiations with the Geneva-based World Trade Organization (WTO) will be centered more on problems facing the developing countries.

The UNCTAD seeks to speed up economic growth and development, especially in developing nations. So far, UNCTAD has organized nine summits. The latest one was held in South Africa in 1996.

Speaking at the opening session, the Moroccan trade minister proposed that the upcoming WTO cycle be dubbed "the Development Cycle" so that development issues be granted the interest they deserve.

The Minister also surveyed the role of international trade in Moroccan economic and social development policies.

Previous Stories:
  Meeting of G-77 trade ministers in Rabat   (9/13/1999)
  Morocco hosts 9th ministerial conference of G-77   (9/11/1999)
  Morocco hosts G-77 ministerial conference   (9/4/1999)

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