43: UNCTAD has traditionally played a substantive role in supporting economic cooperation among developing countries in all three pillars of its work. It should strengthen its work in this area by: (a) deepening research on and analysis of the synergies created by South-South trade, investment and finance; (b) upgrading data and analytical tools on South-South flows and cooperation; and (c) promoting South-South and triangular cooperation.
52. South-South cooperation has grown in importance, supported by a confluence of policy- and market-related factors. The new opportunities for trade, investment and economic cooperation among developing countries need to be fully exploited, and this tendency should be encouraged and benefits extended to all regions. It should complement North-South trade and economic cooperation for development. There is considerable potential for trade and investment among countries with economies in transition and developing countries.
67. Enhancing the integration of developing countries, particularly LDCs, into international trade requires building their productive capacities and bolstering their participation in value chains, including in new and dynamic sectors of world trade. Innovation, adaptation and the adjustment of institutional structures for economic cooperation among developing countries, and regional and interregional forums for dialogue and cooperation, are important.
97. UNCTAD should promote and support economic cooperation among developing countries, including through the exchange of experiences and institution-building. It should upgrade its data and analytical tools on South-South trade and strengthen related technical assistance programmes. It should also continue its support for the revitalization and greater utilization of the Global System of Trade Preferences among Developing Countries and other initiatives that stimulate South-South trade.
20-25 April 2008