Monterrey Consensus

Monterrey Consensus in Global Commerce Policy

In this regard, monterrey consensus is: adopted on 22 March 2002 in Monterry, Mexico, as the outcome of the International Conference on Financing and Development, organized under the auspices of the United Nations. The entries on trade policy are here. It seeks to achieve the goal of eradicating poverty, achieving sustained economic growth and promoting sustainable development through calls for (a) mobilizing domestic financial resources for development, (b) harnessing international trade as an engine for development and reaffirming the commitment of participants to trade liberalization, (c) increasing international financial and technical cooperation for development, and (d) appropriate strategies for dealing with external debt. Conference participants also committed themselves to keeping fully engaged to ensuring proper follow-up to implementation of conference commitments.[1]

Monterrey Consensusin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Monterrey Consensus” entry (OAS)

See Also