UN Addresses Importance of Anti-Corruption, Developing Country Market Access
At the recent meeting of the United Nations General Assembly Second Committee (Economic and Financial), many speakers underscored the importance of the UN Convention against corruption. One delegate cited corruption, the trade in small arms, human-trafficking, money-laundering and the narcotics trade as part of the “ugly underbelly of globalization and interdependence.”
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Market access was also discussed during the meeting, with a delegate noting that without effective global oversight mechanisms, alongside just and fair international rules and legal systems, globalization could not work for all. The delegate urged developed countries to provide least developed countries with the pledged duty- and quota-free market access for their good and products, and called for an early conclusion to the Doha Round of World Trade Organization negotiations.