Underscores the need for further efforts to address excessive commodity price volatility, in particular by assisting producers, especially small-scale producers, in managing risk; reaffirms that each country has primary responsibility for its own economic and social development; expresses concern over the large-scale land acquisitions by, among others, transnational corporations in developing countries that incur risk to development efforts; stresses that technical assistance and capacity-building aimed at improving the commodity export competitiveness of producers is particularly important; also stresses that the Aid for Trade Initiative should aim to help developing countries; underlines the important contribution of the commodities sector to rural development, in particular to providing rural employment and income, and to the efforts for achieving food security; emphasizes the importance of international measures and national strategies to improve the performance of the agricultural sector; stresses the importance of finding tools to best manage excessive price volatility, and requests the UNCTAD to carry out a study with a view to making specific recommendations on measures which could achieve more stability in commodity markets; reaffirms its commitment to meaningful trade liberalization; stresses that the UNCTAD and its partners should continue to engage actively in collaborative research and analysis of the commodity problematique and related capacity and consensus-building activities with a view to providing regular analysis and policy advice relevant to the sustainable development of commodity-dependent developing countries; underscores the urgent need for the provision of, and access to, trade finance to commodity-dependent developing countries, given the tightened access to all types of credit and noting debt sustainability.

Adopted without vote, 66th plenary meeting

6 p.

Issued in GAOR, 64th sess., Suppl. no. 49.