Mr. President, the Secretary-General of UNCTAD, Distinguished Delegates, Ladies and Gentlemen,
In June 2004, Ministers of member-states of the Agreement on the Global System of Trade Preferences Among Developing Countries, better known as 'GSTP,' met on the occasion of the Eleventh Conference of UNCTAD in Sao Paulo, Brazil and launched the third round of GSTP negotiations.
In the Sao Paulo Declaration launching the round, the Ministers recognized the need for concerted action to harness the enormous potential of the GSTP Agreement in promoting and expanding trade among developing countries. They also reiterated their commitment to promote and sustain mutual trade, and to further economic cooperation through the exchange of concessions within the framework of the Agreement.
The author is the Permanent representative of Sri Lanka to the WTO. However the views expressed in this paper are personal to the author and should not be necessarily attributed to the Government of Sri Lanka.