Second Committee

The Second Committee (Economic and Financial) concluded its work today, approving eight draft resolutions, which were expected to be taken up by the General Assembly in the coming days ahead.

The General Assembly would decide to establish an ad hoc committee to elaborate a multilateral legal framework for sovereign debt restructuring processes, according to the terms of one of six draft resolutions approved today by the Second Committee (Economic and Financial).

The General Assembly would urge parties to the Convention on Biological Diversity to facilitate the transfer of technology for the effective implementation of the Convention in accordance with its provisions, according to one of four draft resolutions approved today by the Second Committee (Economic and Financial).

The General Assembly would call upon the United Nations system and the international community to assist Caribbean countries in their efforts to ensure the protection of the Caribbean Sea from degradation, according to one of four draft resolutions approved today by the Second Committee (Economic and Financial).

By the terms of one of six draft resolutions that the Second Committee (Economic and Financial) approved this afternoon, the General Assembly would express serious concern at the lack of progress in the Doha Round of World Trade Organization negotiations and would reiterate the call for the necessary flexibility and political will needed to break the current impasse in the negotiations.

The General Assembly would reaffirm that international trade was an engine for development and sustained economic growth, benefiting all countries at all stages of development, according to the terms of one of four draft resolutions approved today by the Second Committee (Economic and Financial).

The General Assembly would demand that Israel cease exploiting, damaging, depleting and endangering the natural resources in the Occupied Palestinian Territory and the occupied Syrian Golan, according to the terms of one of seven draft resolutions approved today by the Second Committee (Economic and Financial).

Regional frameworks could assist the mobilization of financial and technological resources, and “serve as a catalyst to strengthen the global partnership for sustainable development by facilitating access to science, technology and innovation, and enhancing knowledge sharing and capacity-building”, Sebastiano Cardi (Italy) told the Second Committee (Economic and Financial) today while chairing its annual dialogue with the Regional Commissions.

Agriculture was the cornerstone of the Palestinian economy, and was “deliberately targeted” by Israel, the Permanent Observer of the State of Palestine told the Second Committee (Economic and Financial) today.

Implementation of the post-2015 development agenda would require a renewed global partnership that engaged various development actors, with a participatory monitoring and accountability framework vital to its effective functioning, a Deputy Minister of the Republic of Korea’s Ministry of Foreign Affairs, said today.