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Statement by the Chinese Delegation at the Opening Ceremony of the Fiftieth Session of the Trade and Development Board of UNCTAD(6 October 2003, Geneva)
Mr. President,

First of all, please allow me to extend, on behalf of the Chinese delegation, our warm congratulations to you on your election. I am convinced that under your leadership, the current session will surely achieve fruitful results. The Chinese delegation wishes to thank his Excellency Ambassador Dimiter TZANTCHEV, President of the Forty-ninth Session for his able leadership during the past year of the work of the Trade and Development Board, as well as the speech made at the meeting today by Mr. Ricupero, Secretary-General of the Conference on Trade and Development.

We endorse the remarks made by Mme. Laxanachantorn Laohaphan, Ambassador of Thailand on behalf of the Group of 77and China, as well as the remarks by his Excellency Ambassador of Oman Mr. Almed Al-Riyami on behalf of the Asian Group. On the basis of that, the Chinese delegation wishes to make the following points in addition.

Mr. President

As mentioned in the above speeches, a number of uncertain factors exist in the current global economic recovery; the new round of multilateral trade negotiations met with setbacks; the developing countries are faced with many challenges. The current session of the Board opens at a time of transition, when we are making joint responses to the challenges in search for common prosperity and the establishment of a just and reasonable new international political and economic order.

To solve the existing problems in the world economic development at present and create conditions for further development, we believe that it is important to implement in a comprehensive manner the spirit of multilateral cooperation and development in global economic affairs, in the development process of world economic interdependence and globalization. Countries and regions of different nationalities, different history and social systems, and at different levels of economic development should respect each other, seek common ground while shelving differences, draw on each other's advantage; while making up for disadvantages, conduct consultations and cooperation, promote the establishment of a just and reasonable new international political and economic order, and make efforts for joint development and prosperity. We should bear in mind in particular the international consensus for achieving the "Millennium Goals", as well as the cooperative partnership formed at the United Nations Conference on Financing for Development in Monterrey last year by developing countries, developed countries and international organizations in order to make joint efforts for reaching the Millennium Goals. At present, many developing countries, the least developed countries in particular, encounter serious difficulties in their economic development, thus the global realization of the Millennium Goals is faced with enormous challenges. Hereby we once again call upon all countries, especially developed countries, to undertake corresponding responsibilities in the world economic recovery and readjustment, help developing countries in their capacity building through reforms in the international trade system, improve market access to products from developing countries, capital supply and conditions for the transfer of technology, and ensure joint sharing of the risks and benefits of globalization.

In conclusion, I wish the session of the Trade and Development Board a complete success.

Thank you, Mr. President.

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