Sunday, 27 September 2009

Cambodia calls for successful conclusion of trade talks


UNITED NATIONS, Sept. 26 (Xinhua) -- Cambodia on Saturday called for the successful conclusion of the Doha Round negotiations to help mitigate the impact of the world economic and financial crisis on developing countries.

Cambodia's Deputy Prime Minister Hor Namhong made the statement as he addressed the general debate of the UN General Assembly at UN Headquarters.

While the developed countries have more possibilities and resources to cope with the economic slowdown, the developing countries have suffered the most with a huge loss of national income, he said.

The economic growth of developing countries is expected to fall sharply due to a drastic reduction in export which they have largely been dependent on, to the falling of investment, and to the rising unemployment, he said.

"In order to help mitigate the impact of this economic and financial disaster on developing countries, I am of the view that we should do everything possible to get the Doha Round negotiation back on track for a successful conclusion in order to break down barriers to trade, to better market access, particularly in agricultural goods, and to reduce agricultural subsidies," he said.

He welcomed the recent commitment of G20 made in Pittsburg to bringing the Doha Round to a successful conclusion in 2010.

The Monterrey Consensus should be invigorated in order to help developing countries to alleviate poverty and meet the Millennium Development Goals(MDGs), he added.
Editor: Yan

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