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Thank you Mr President, for explaining so clearly why Peru stands on the
frontline of trade opening and let me in my turn try and outline what I
heard here since yesterday. My own remarks will be focused on what I heard
during this conference which you have so nicely hosted.
Yesterday I said that today's meeting was about making a start and an
We were reminded by the Caribbean that Aid for Trade is about creating a
more level playing field in world trade equality of opportunity and
that without it open trade might suffer. We heard that this is a long term
project requiring a long-term vision and sustained political commitment.
We heard that Latin America and the Caribbean understand the opportunities
and challenges presented by globalization that they are ready and
willing to embrace them but that in key areas they need international
Perhaps most importantly, I heard the start of a real dialogue between
finance and trade, between trade and development, between business and
governments, between countries and regions about where exactly the
challenges lies and how we should work together to answer them.
The plan now is to produce a concise report under the responsibility of
the IADB and the WTO which will be the transmission belt for your ideas
and recommendations to be delivered to the Global review that will take
place in Geneva in November. Let me highlight some of the key messages I
will be taking away from this meeting.
First, leadership. Trade must be streamlined more into national
development strategies if countries are going to harness globalisation for
their benefit. There is no substitute for political vision and leadership
backed by a comprehensive strategy for getting there. Here lies the
answer to producing a coherent plan for capacity building. Having a clear
strategy backed by a government as a whole, with the private sector is
also a large part of the answer to coordinating donors and ensuring that
they respond to national leadership thus ensuring ownership, not the other
way round. Some of you labelled this, this morning as "core
Second, priorities. Countries and regions have to focus on what matters
most to increasing exports and the areas that can deliver the biggest
return on investment . As we have heard again and again, having a hundred
priorities is having no priorities. Aid for trade is a complex and
long-term project that can be hard for countries and donors alike to come
to grip with. Perhaps we need to identify two or three key priorities for
the region ones that will give us a clear set of objectives to aim for
over the medium term, and against which we can measure our success. For
example, I have heard a lot about the need to concentrate on negotiating
expertise, trade facilitation, standards and testing, and on logistical
Third, predictability and accessibility of financing. there is a clear
need for donors to follow through on the Hong Kong and broader Gleneagles
commitments and I think that we should focus on how we deliver on these
promises, rather than second guessing them. The efficiency and
effectiveness of the way financing is delivered can be just as important
as the amounts involved especially in a fast changing global economy.
Donors and financial institutions need to show progress on this front as
well - with better coordination, reducing red tape, and fast tracking
disbursement. This is a critical issue for recipients it is also an
issue for taxpayers at home who want to see their money producing tangible
Finally, partnerships. The single most common theme of the last two days
has been cooperation, coordination and coherence. What we have heard is
that no one actor can deliver Aid for Trade single handedly and that
where there are capacity gaps it is often the result of a breakdown of
cooperation and coherence. Governments need to coordinated internally.
Donors and financial institutions need to coordinate with each other and
with governments. Countries need to coordinate regionally. And all of us
need to bring the private sector into the conversation as we have done
over the last day and a half. Instead of thinking in terms of two
solitudes donors and recipients, trade and development we need to
think in terms of partnerships.
Because we all have a big stake in the success of this initiative. Many of
you have noted that the process of globalisation is at a crossroad. both
in the region and worldwide. We need to show that the world trading system
can and will deliver benefits for those who feel marginalized and
excluded. That is why the current WTO round has development as its central
pillar and why progress in the Round is so critical for the Caribbean,
for Latin America and the world. Aid for Trade I repeat is no
substitute for a successful Doha Development Round. It is also no
substitute for the right domestic policies. But Aid for Trade is an
increasingly important and necessary complement. If the Doha Round is
about creating trade opportunities, about making more trade possible, Aid
for Trade is about making it happen.
This meeting has taken a big step forward. Peru has inspired us. Let's
keep up the momentum.
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