Fair trade
the 11th quadrennial session of the United Nations Conference on Trade and Development (unctad) agreed on three guidelines to ensure a sustainable path to development for all: increasing South-South cooperation; ensuring adequate policy space for countries to formulate development strategies; and improving coordination and understanding between national as well as international economic policy-making bodies. It is believed that these tenets might remove unbalanced distribution of globalisation's benefits among, even within, countries.
During the meeting, held in Sao Paulo, Brazil, from June 13-18, unctad members committed themselves to a more comprehensive system of preferential trade between developing countries. Reflected in the ministerial declaration
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