Emphasizes the need for developing countries that are heavily dependent on primary commodities to continue to promote a domestic policy and institutional environment that encourages diversification and enhance competitiveness; requests the Secretary-General of UNCTAD to identify potential developmental linkages between the commodity sector and other sectors of the economy, as well as appropriate actions required at the national and international levels to establish and develop such linkages and to include them in his report to the General Assembly at its 49th session; reiterates once again its conviction that more stable and predictable market conditions for commodities would be conducive to the social and economic development of developing countries; emphasizes that, in line with Agenda 21, sustainable development of the commodity sector may require, inter alia, the reflection of environmental and resource costs in prices, improvements in the market access and competitiveness of natural products from developing countries, with environmental advantages, and improvements in their access to international financial and technical support, including environmentally sound technologies; notes the desire of the members of the Common Fund that countries that have not yet ratified the Agreement Establishing the Common Fund for Commodities should do so as soon as possible.

Adopted without vote, 93rd meeting

4 p.

Adopted at the 93rd plenary meeting, 22 Dec. 1992.