ࡱ> Y[X @ bjbjPP 74::+@@@8x<$R!t55J6:', 0s@^S <<]Rd"d"d"$55  DRAFT STATEMENT TO BE DELIVERED BY THE HONOURABLE RUFUS BOUSQUET I would like to begin by extending my deepest appreciation to the Government of Switzerland for hosting this important Conference in serene Geneva and also express my thanks to the Director General for his tireless work in the stewardship of the ϲʹ and the DDA Negotiations over the past four years. Ministers, Excellencies we meet at what can only be described as a major crossroads in the modern economic history of the world, where the economic architecture and main orthodoxies that presided over the expansion of global capital flows and international trade over the past two decades are now being called into question. The much-promoted Washington Consensus on economic and trade liberalization now lie exposed as a flawed thesis riddled with contradictions and inconsistencies. The architects of the so-called new-economy designed a system structured on the tenants of economic liberalism, where open markets, privatisation and a general receding of the state were touted as a necessary precursor to poverty reduction, enhanced competitiveness and export lead growth. It is in this context, Mr. Chair, that international trade had become an enabler of development and a harbinger of prosperity for developing countries. Chair, as you know, the relationship between development and the multilateral system has hit major roadblocks over the past 24 months. The economic crisis, with its roots in lands far away from the shores of Saint Lucia has turned the developmental hopes and aspirations of a people into deferred ambitions. Mr. Chairman, the advocates of liberalism promised, that the liberalization of tariffs, the dismantlement of commodity regimes and adherence to the multilateral trading system would strengthen the ability of small economies to compete in a global economy. We were told that economic liberalization coupled with trade liberalization would unleash the latent economic potential of small vulnerable economies like that of Saint Lucia. Mr. Chair, despite swallowing the bitter pill of economic liberalization and despite our attempts to adhere to our obligations under the Marrakesh Agreement, we are still in search of the economic promise land. Interestingly Mr. Chair, the global economic crisis has occasioned a rethink of the orthodoxy of the free market. With some of the apostles of economic liberalism now becoming disciples of state action in the economic sphere under the guise of stimulus packages and support. Mr. Chair, it has been widely reported that some of the most fervent promoters of the free market, now apply robust, and sometimes trade distorting market interventions while their counterparts in developing countries continue to languish with surging unemployment, silent factory shells and anemic domestic sectors. Mr. Chair, this begs the question: Do the rules of the multilateral system operate differently for small countriesthan for the powerful? Mr. Chair again, while the promoters of economic liberalism and the multilateral trading system seem disposed to utilize any and all policy interventions to support critical sectors; the weak, mono-crop economies, dependent on crucial markets for their livelihood are sacrificed on the altar of supposedly sacred multilateral rules. As we collectively look to the future, are small - resource poor - developing countries required to sacrifice more? Will we continue to stare at the Doha Mandate without the requisite resolve to adhere to the development mandate which promises all countries: big and small, rich and poor the opportunity to equally enjoy the fruits of the multilateral trading system. Are all of our factories to grind to a halt, are our fertile fields to all go fallow and our farmers to grow poorer in deference to an ideology that even the authors reject when it is expedient to do so? The Multilateral trading system can play a meaningful role in development if only we remain true to the founding principles of this august body. Will drafting the Marrakesh Agreement, the founders recognized that the field of trade and economic endeavour should be conducted with a view to: raising living standards; ensuring full employment; and {engendering the conditions to enable] large and steady growth of real income. Finally chair, the role of the multilateral system in the current environment should support the developmental goals and aspirations and critically the needs of the smallest and most vulnerable!!! To this end, we call for the following: operationally effective special and differential treatment; additional and accessible resources under the rubric of Aid for Trade to attenuate against supply side constraints; binding commitments on the part of developed countries to provide capacity building support for the implementation of commitments to arise from negotiations on trade facilitation; Above all, any meaningful, solution on bananas must take account of the developmental concerns of all ACP members and in particular the smallest and most vulnerable. Mr. Chair, in concluding we believe that strict adherence orthodoxy must give rise to a pragmatic approach that takes account of the economic and structural limitations of all members!! Mr. Chair I thank you.      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Chair, 88188887!2887!82!H88!"2 | ^ias you know, th82<188<288G<8_2 | 8^ie relationship between development and the multilateral 8<!8888188<87G888<871888T87<878<78;T888!8b2 :^isystem has hit major roadblocks over the past 24 months. 2128T*882*8*T88!)!88888222*818!*88*782*88*S8882** 2 ^i *2 ^iThe economic >87*82887T1}2 bL^icrisis, with its roots in lands far away from the shores of Saint Lucia has 2!222G8121!882181888208!18G811!7T1781278!82170C871882808712 ^iturned t8!8880m2 WA^ihe developmental hopes and aspirations of a people into deferred 871881887T78817888208781828!788217081788881871878!!672 H ^iambitions.8T8882 2 H^i 5 2 ^i 6"2 .^iMr. Chairman, tS!%H88!T88%2 .^ihe 78%2 .F ^iadvocates 78182881%X2 .23^iof liberalism promised, that the liberalization of e7%78!82T$8!8T278%88$87%88!71888%8s2 E^itariffs, the dismantlement of commodity regimes and adherence to the 8!1D78D82S887T87D7D18ST781D!87T82D888C8878!7828D8D87:2 ^imultilateral trading system wouT888!8"!8887"2128T"G88S2 ^0^ild strengthen the ability of small economies to 8"2!787888!88"781"8"1T8"82788T82"7)2 ^icompete in a global 28T78838283788822 ^ieconomyt82878T12 `^i. 1L2 +^iWe were told that economic liberalization sb73G8!83883388282787T2388!818872 N^icoupled with trade liberalization would unleash the latent economic potential 288878&G8&!888&88!81888&G888&888828&88&888&81878S2&88888b2 m:^iof small vulnerable economies like that of Saint Lucia. Mr741T841888!887472887T82427478374C88478284S!%2 m ^i. Chair, despite 4H78!4881872 R^iswallowing the bitter pill of economic liberalization and despite our attempts to 2G89G978888!8882787T288!828887888818888!87T827y2 SI^iadhere to our obligations under the Marrakesh Agreement, we are still in t8878!838378!3887888238788!3783S8!!828283C7!88S883G838!83237C2 %^isearch of the economic promise land. 288!2877881878T28!8T18878 2  ^i 5 2 9^i 622 ^iInterestingly Mr. Chair, t88!82871T!H88!(2 ^ihe global economic 88788882877T2 2  ^ic22  ^irisis !222  ^ihas882 2 D ^i /2 c ^ioccasioned a rethink of 8228287887!88827%2 ^ithe orthodoxy of i8828!8878112822 ^ithe 8812  ^ifree market. !782S8!28/D2 3 &^iWith some of the apostles of economic b8227T827188188818227282887T1y2 I^iliberalism now becoming disciples of state action in the economic sphere t88!82T478G48828S8748228824742874828748488481877T242878 7U2 1^iunder the guise of stimulus packages and support. 8878!87782872S8827822878278818788! 2  ^i 5 2 x^i 612 ^iMr. Chair, it has been wi S!CH88!CC882C8888CGM2 ,^idely reported that some of the most fervent 882C!888!88C88C27T8C7C88BT72C8!188q2 ^D^ipromoters of the free market, now apply robust, and sometimes trade 8!8S88!2C7C78B!78CT8!28C88GC8882C!8882C878C28S8T82C!877;2  ^idistorting market interventions 828!87T8!2888!2887822 E^iwhile G88L2 ( +^i their counterparts in developing countries88!28888!88!28781888872888!71 2 p^i 2 D ^icontinue to 2887885852 D'^ilanguish787828 2 D^i 5J2 D*^iwith surging unemployment, silent factory G8528"7875888T871T8852884828!152 D ^ishells and 28825877.2 ^ianemic domestic sectors 887T278S8222827!2 2 :^i. 2 V^i 6"System4O-ii^^hh]]gg\\ff[[eeZZddYYccXXbbWWaaVV ` `U U  _ _T T  ^ ^S S  ] ]R R  \ \Q Q [[PPZZOOYYNNXXMMWWLL՜.+,0 hp   Grizli777%  DRAFT STATEMENT Title  !"$%&'()*+,-./012346789:;<=>?@ABCDEFGHIJKLMNOQRSTUVWZRoot Entry Fa0s\Data 1Table#x"WordDocument74SummaryInformation(5X5DocumentSummaryInformation8PCompObjj  FMicrosoft Word Document MSWordDocWord.Document.89q