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UNCTAD Opens In Brazil Today - 2004-06-13


Trade representatives and other officials from around the world begin a week of talks in Sao Paulo, Brazil, today (Sunday) aimed at reducing trade barriers between rich and poor nations.

Organizers of the United Nations Conference on Trade and Development, known as UNCTAD, hope developing countries will use the gathering to move toward opening their markets.

The so-called Group of 77 developing nations faces calls to slash tariffs and other trade impediments to free trade.

Trade ministers from the Group of 20 developing nations are set to meet with representatives from the United States, European Union, India and Australia on the sidelines of the U.N. conference. Both sides hope to revive stalled world trade talks, aimed at cutting global barriers to trade.

Information for this report is provided by AP and Reuters.

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