73 UNGA: Statement by the Cuban delegation Informal interactive dialogue on commodity markets. New York, 15 May 2019.

Madam President,

My delegation associates itself with the statement delivered by the State of Palestine on behalf of the G77 and China. We also appreciate the holding of this important dialogue.

Madam President,

The central theme to which this meeting brings us today even precedes the very origin of our Organization. In the 1960s, our deliberations led to the creation of the United Nations Conference on Trade and Development. A decade later, we adopted the Declaration on the Establishment of a New International Economic Order and its accompanying Plan of Action, hoping to address and solve the difficulties encountered by developing countries in commodity markets, among other pressing issues.

Seventy-five years after the creation of the United Nations, the situation of commodities for developing countries remains largely unchanged. These countries continue to be highly dependent on this type of products and markets, with export earnings mainly focusing on a narrow range of commodities. The export earnings and budgets of developing countries remain vulnerable to the pricing cycles of these particularly volatile commodities in international markets. Their participation in international value chains, generally controlled by transnational corporations, is carried out mainly in lower value-added segments. The low level of industrialization and diversification of their economies is perpetuated, subject to multiple structural challenges and barriers that prevent or hinder their adequate insertion into international markets, in addition to other longstanding structural problems.

Failure to act on this reality is morally unacceptable and historically irresponsible. The multilateral framework, and the relations between our countries and with many other actors, must provide real substance to the principles of special and differential treatment and common but differentiated responsibilities for developed countries. Transforming the unjust international economic order and the existing unequal relations of production and trade is essential; as well as eliminating barriers, obstacles and unilateral measures in the framework of trade, finance and technological exchange that prevent developing countries from engaging in their national development strategies in an international environment conducive to sustainable development, to allow for their structural transformation and development.

Madam President,

Cuba rejects the application of unilateral coercive economic measures inconsistent with international law and the Charter of the United Nations that impede the full realization of our rights, including the right to development, as well as compliance with the 2030 Agenda. Such measures prevent the adequate and fair integration of our countries into international markets, including commodity markets, and pose a serious challenge for the commercialization, productive transformation and industrial development of our nations in external relations.

In this context, the economic, commercial and financial blockade imposed by the United States against Cuba for nearly sixty years, further tightened with the recent activation of Title III of the Helms-Burton Act, prevents my country from gaining equal access to world-class technologies, from establishing normal trade, financing or investment relations with the world, and with international financial institutions and companies from other countries.

Cuba reiterates its supreme commitment to equity, social justice and the full development for all peoples and every individual human being.

Thank you very much