CÚPULA DA AMÉRICA LATINA E DO CARIBE SOBRE ... - Funag

CÚPULA DA AMÉRICA LATINA E DO CARIBE SOBRE INTEGRAÇÃO E DESENVOLVIMENTO - CALC
subsidies that generate and widen distortions in world trade, displace the
more competitive products of developing countries and discourage investments
and agricultural production, all of which represent a risk for the food and
nutritional security of the populations of the most vulnerable developing
countries.
They agreed on the importance of addressing the special needs of
developing countries, in particular those of small economies in order to allow
their effective insertion in global trade.
17. They expressed serious concern in relation to the current financial
crisis. They recalled that the developed countries caused the crisis and that
they should therefore assume the costs for its solution.
They also recalled that the emerging economies contribute significantly to
the growth of the world economy and that developing countries should not be
penalized for the unsustainable financial practices in the developed countries.
They stressed the need for a comprehensive international dialogue, with the
active participation of developing countries, for the building of a new international
financial architecture, including the adoption of efficient regulatory mechanisms
and transparent governance disciplines for the global financial system.
In that regard, they reiterated their full support for the High Level
Conference on the financial crisis, to be held at the United Nations in the first
semester of 2009.
They also underlined the importance and urgency of strengthening regional
and sub-regional financial mechanisms in order to support integration and
development in the context of the global financial crisis.
18. They reaffirmed their conviction that the deepening of regional
integration and the strengthening of trade ties and investment flows can play a
decisive role in the growth of their economies and the preservation of their
economic and social achievements. They expressed their commitment to
increase commercial flows among their countries and with the world to respond
to the current financial crisis. They also stressed the need to establish stable
rules in the international trading system so as to boost the recovery of the
world economy.
19. They lauded the activities that the Bicentennial Group has been carrying
out to promote the recognition and celebration of the common characteristics
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