South Africa takes this opportunity to express its appreciation and gratitude to the Government and people of Kenya for hosting this 14th Ministerial Conference of United Nations Conference on Trade and Development (UNCTAD). South Africa reaffirms its support for the outcomes of previous UNCTAD Ministerial Conferences, in particular, the Doha Mandate of 2012 and the Accra Accord of 2008.
This Conference is taking place in the midst of a deepening global crisis. A feature of this phase is sharply depressed commodity prices which are having a significant impact on developing countries, including those on the African Continent. Many developing countries remain confined in the low value added parts of Global Value Chains (GVCs) as suppliers of primary products and commodities. The current circumstances require that we intensify our efforts to diversify our economies away from an over reliance on primary, unprocessed products, and move up the value chains through pursuing industrialization.
An integral component of this involves pursuing a development integration agenda on the African continent which combines market integration, infrastructure and industrial development. The aim is to create a larger regional market that supports diversification and industrialization across the continent. Global negotiations and rules must provide a supportive framework for this agenda and not complicate it. This requires recognising that developing countries’ efforts to transform their economies also need policy
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